Pursuits
Profit Disappointments Show No Rousseff Bounce: Corporate Brazil
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A majority of Brazilian companies missed earnings estimates for a third straight quarter, signaling President Dilma Rousseff’s interventionist policies have failed to spark the economic rebound she is seeking.
Fifty-eight percent of the 62 companies on the Bovespa index that reported third-quarter earnings have trailed analysts’ forecasts, according to data compiled by Bloomberg. Sixty-two percent fell short of projections in the second quarter this year, and 60 percent missed estimates in the first.