Brazil's Ambev Q3 net profit reaches 4.37 billion reais
ABEV•Ambev reported Q3 net revenue of 21.59 billion reais and adjusted EBITDA of 7.27 billion reais, both below estimates, while net profit of 4.37 billion reais topped the 3.9 billion reais estimate.
1. Q3 results
Ambev reported Q3 net revenue of 21.59 billion reais, compared with the IBES estimate of 21.72 billion reais, and adjusted EBITDA of 7.27 billion reais versus an estimate of 7.48 billion reais. Net profit was 4.37 billion reais, above the 3.9 billion reais estimate.
