|Bid||16.63 x 0|
|Ask||16.68 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (5Y Monthly)||1.40|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 09, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul 13, 2016|
|1y Target Est||21.39|
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Investors dumped shares in Brazilian food processor BRF SA on Thursday after a wider-than-expected quarterly loss partly attributed by management to nonrecurring events. In mid-afternoon trading, BRF was down by 12% and was the worst performing stock on Brazil's Bovespa index. On Wednesday, the company posted a loss just above $90 million, citing "hedge accounting" related to a debt security and the effect of "hyperinflation" in Turkey.
BRF SA, the Brazilian poultry and pork processor, forecast diesel fuel prices falling in the second half of 2022 after a rise of almost 57% in diesel costs for the company in the second quarter. During a conference call to discuss earnings, Chief Executive Lorival Luz said overall, the cost of inputs such as grains used as livestock feed will tend to stabilize. In the second quarter, BRF was able to raise product prices, which partly offset a rise in costs, management said.
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