Gerdau Swings to Q4 Loss, Sales Increase

MT Newswires Live

02/24

Gerdau (GGB) reported a Q4 loss late Monday of 0.66 Brazilian real ($0.13) per share, swinging from earnings of 0.15 real a year earlier.

Analysts polled by FactSet expected 0.39 real.

Net sales for the quarter ended Dec. 31 were 16.97 billion reais, up from 16.82 billion reais a year earlier.

Analysts surveyed by FactSet expected 16.35 billion reais.

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