|Bid||80.00 x 0|
|Ask||82.01 x 0|
|Day's Range||79.40 - 82.80|
|52 Week Range||63.53 - 86.34|
|PE Ratio (TTM)||21.79|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||0.96 (1.24%)|
|1y Target Est||95.86|
Zacks Industry Outlook Highlights: Amazon, Companhia Brasileira de Distribuicao, Walmart and Kroger
SAO PAULO/BUENOS AIRES, Aug 8 (Reuters) - Argentine equities tumbled for the second straight day on Wednesday as investor concerns grew that a massive corruption probe that began last week could expand and affect more companies. The wide-ranging investigation has already swept up construction magnates accused of attempting to secure contracts by delivering millions of dollars in bribes to officials in former President Cristina Fernandez's government. Executives at Techint, the parent company of steel company Ternium SA, have also been questioned.
Stock Research Monitor: CASY, CBD, and HZN LONDON, UK / ACCESSWIRE / July 27, 2018 / If you want a free Stock Review on SIX sign up now at www.wallstequities.com/registration . On Thursday, benchmark US ...
Companhia Brasileira's (CBD) net income from continuing operations increases nearly 2.7 times in Q2. Increased sales and higher adjusted EBITDA lead to the upside.
The Sao Paulo-based company said it had profit of 47 cents per share. Earnings, adjusted for non-recurring gains and to account for discontinued operations, came to 15 cents per share. The retailer posted ...
Via Varejo, the appliance retailing arm of Brazilian retailer GPA SA, will convert all its shares into a single class of common stock, the company said in a securities filing on Monday. The co-vice chairman of GPA, Ronaldo Iabrudi, said in a phone interview late on Monday that all preferred shares would be converted into common shares using a 1:1 ratio. Owners of units, a bundle of two preferred and one common share that is Via Varejo's most widely traded stock class, would receive three common shares, Iabrudi added.
The chairman of Brazilian retailer GPA SA, Ronaldo Iabrudi, said the conversion of all shares of its subsidiary Via Varejo SA into a single class of stock will give additional rights to minority shareholders. In a phone interview on Monday, Iabrudi said that after the conversion, GPA will hold 43.3 percent of shares in Via Varejo. Today, with the different stock classes, GPA owns 51 percent of the voting stock.
We expect Companhia Brasileira (CBD) to continue gaining from strength at Assai and Multivarejo divisions. However, transportation hurdles pose threats.
Retailer Casino (CASP.PA), which is battling to ease investor concerns about its high debt levels, posted stronger-than-expected second-quarter revenue, thanks to accelerating sales in France and Brazil, and predicted solid growth ahead. The group, whose credit rating was cut to junk by Standard & Poor's in March 2016, is under pressure to show it can revive profits in France, where it competes with bigger rivals such as Carrefour (CARR.PA), while conditions in Brazil stay tough. Casino, which controls Brazil's top retailer Grupo Pao de Acucar (PCAR4.SA), said second-quarter sales reached 8.916 billion euros, above the 8.8 billion euros average in a company-compiled consensus of analysts' forecasts.
Net revenue at Brazil's GPA rose 10.4 percent in the second quarter from a year ago to 11.775 billion reais , the major food retailer said in a securities filing on Friday. Same-store sales, a measure ...
BRASILIA/SAO PAULO (Reuters) - Petrobras shares plunged 15 percent on Monday after Brazil's government offered new fuel subsidies and softened the oil producer's pricing policy in a bid to settle a truckers' strike that has wreaked havoc on Latin America's largest economy. As a result of tax cuts and subsidies announced by President Michel Temer late on Sunday, domestic diesel prices would fall 0.46 real per litre, or about 13 percent of the current price at the pump, and remain frozen for 60 days. Shareholders in state-controlled Petróleo Brasileiro SA (PETR4.SA), which earlier this month soared after the company reported its highest profits in five years, have been hammered as the stock lost nearly a third of its value in the past week.
Companhia Brasileira (CBD) has been gaining from continued strength at Assai among other factors. However, the company continues to battle food deflation.
Mexico's peso and Brazil's real posted gains on Friday after mixed U.S. economic data drove investors to pare back bets on a faster pace of U.S. interest rate hikes, while corporate results drove big moves ...
The Brazilian real and the Mexican peso inched up on Friday after mixed U.S. economic figures drove investors to pare back bets on a fast pace of U.S. interest rate hikes in coming months. The U.S. economy ...
French supermarket retailer Casino (CASP.PA) reported solid first-quarter sales on Tuesday, allowing it to keep its full-year profit goals on track thanks to accelerating sales at its French hypermarkets and signs of improvement in Brazil. Casino, whose credit rating was cut to junk by Standard & Poor's in March 2016, is under pressure to show it can revive sales and profits at home as conditions in Brazil remain tough, due in part to food deflation. "Strong first quarter sales gives us comfort over the detailed guidance we gave in March," Chief Financial Officer Antoine Giscard d'Estaing told analysts.
Brazilian retailer GPA said net revenue rose 7.5 percent in the first quarter from a year ago to 11.34 billion reais . Same store sales at the retailer, a measure of sales at stores open for at least 12 ...
By Aluisio Alves SAO PAULO (Reuters) - Apple Inc's mobile payment platform Apple Pay arrived in Brazil on Wednesday with an exclusive partnership with Itaú Unibanco Holding SA, the country's largest private ...
Amazon.com Inc (AMZN.O) and Casino Guichard Perrachon SA (CASP.PA) are negotiating a deal in Brazil either partnering or selling the French retailer's local appliance and electronics chain, a source familiar with the talks said on Tuesday. The talks concerning Casino's Via Varejo SA (VVAR3.SA) unit, which includes Brazil's third-largest e-commerce operation and more than 900 stores in the country, would accelerate Amazon's previously tepid advances into Latin America's largest market. The negotiation comes as the U.S. e-commerce leader and Casino have struck an agreement to sell groceries from the French group's upmarket Monoprix through Amazon.
Amazon.com Inc (AMZN.O) and Casino Guichard Perrachon SA (CASP.PA) are negotiating a deal in Brazil either partnering or selling the French retailer's local appliance and electronics chain, a source familiar with the talks said on Tuesday. The talks concerning Casino's Via Varejo chain, which includes one of Brazil's largest e-commerce operations and more than 900 stores in the country, would accelerate Amazon's previously tepid advances into Latin America's largest market.
Retailer Casino (CASP.PA) delivered a cautious profit outlook on Thursday that hit its share price, as the French company grapples with reviving profits in its main markets of France and Brazil. Casino, which faces tough competition in France and a recession in Brazil, said it will step up its online offerings in the face of challenges from Amazon (AMZN.O) and will cut debt after it rose sharply in 2017. The retailer said it expects to grow profits in 2018 with the help of cost savings as it posted a 20.1 percent jump in its 2017 operating profit to 1.242 billion euros, which included 198 million euros (176.67 million pounds) in tax credits in Brazil.