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News  ›  Benzinga

Ambev's Q3 Profit Jumps 8.7% Y/Y, Shares Gain On Higher Margins And Buyback

Benzinga Logo Benzinga By Lekha Gupta
Ambev's Q3 Profit Jumps 8.7% Y/Y, Shares Gain On Higher Margins And Buyback

Ambev reported Q3 earnings of 24 cents per share, an 8.7% year-over-year increase, driven by lower taxes. Sales declined 5.7% Y/Y, but normalized EBITDA grew 2.9% organically with expanded margins. The company also approved a share repurchase program of up to 208 million shares.

Insights
BACpS   neutral

Mentioned as an example of a common stock, with no specific analysis provided


ABEV   positive

Increased quarterly profit, expanded margins, disciplined cost management, and approved share repurchase program indicate positive financial performance