At least 40 of the 72 B3 companies show profits below market projections

The performance of publicly traded companies in Brazil frustrated investors’ expectations in the first quarter. At least 40 of the 72 companies on the Ibovespa, B3’s main index, showed profits below market projections, according to data compiled by Bloomberg. Until the beginning of this week, the companies’ profit was 30% to 40% lower than estimated by analysts.

Source: Exame