1051 ET - Brazilian companies delivered, in 1Q, their eighth consecutive quarterly year-on-year earnings-per-share growth, with more expected to come, Bank of America analysts write. The say EPS growth "slowed at the margin," but operational turnarounds and cost controls are beefing up some names. BofA cites bank Bradesco, footware maker Alpargatas, retailers Track & Field, Natura, Assai and Azzas, utilities Sabesp and Copel and transportation operators CCR, Ecorodovias and Rumo. "More savvy use of capital could potentially trigger more positive earnings revisions in Brazil," the analysts say. The Ibovespa index falls 1%, following global markets, but is up 16% this year. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
May 21, 2025 10:51 ET (14:51 GMT)
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