Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

JBS Leads Ibovespa Higher as U.S. Poultry Unit Outperforms

JBS SA, the world’s largest poultry producer, climbed the most on the Ibovespa after the Brazilian company’s U.S. unit reported profit that beat estimates.

Shares of JBS soared 9.7 percent to 6.99 reais at the close of trading in Sao Paulo, the biggest gain since March 2012. The Ibovespa advanced 1.9 percent.

JBS’s U.S. poultry unit, Pilgrim’s Pride Corp., reported yesterday that net income almost tripled in the second quarter from a year earlier to 74 cents a share, beating the 57-cent average estimate of four analysts surveyed by Bloomberg. Pilgrim’s Pride, which accounts for about 20 percent of Sao Paulo-based JBS’s annual sales, surged 7 percent in U.S. trading to a five-year high of $17.79.

“They had an overall improvement, a real surprise,” Eduardo Carlier, who helps manage 3.5 billion reais ($1.5 billion) in assets including JBS stock at Schroder Investment Management, said in a telephone interview from Sao Paulo. “Pilgrim’s gave them a real boost.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.