Bradsaúde controls claims and beats consensus; stock up 4%
Bradsaúde had a third quarter that beat consensus on several lines - causing the stock to rise 4% at the start of trading. Profit rose 14% year-over-year and reached 1.1 billion reais, 10% above consensus. Revenue grew 9% in the same period to 14.3 billion reais.
Bradsaúde reported a strong third quarter, beating consensus on several lines, causing its stock to rise 4% at the start of trading. The company's profit increased 14% year-over-year to R$ 1.1 billion, 10% above consensus, while revenue grew 9% to R$ 14.3 billion. The operational result, excluding the financial part, grew 31% from the previous quarter and 5% year-over-year, to R$ 764 million.
The company announced an additional dividend of R$ 1 billion, bringing the total distributions for the year to around R$ 1.5 billion.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
