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The Nexus
BUSINESSJul 16 · 16:31 UTCTHE RIO TIMESIolanda Fonseca

Brazilian Brewer Ambev Surges 15% on Earnings Beat, Lifting Ibovespa

Ambev's stock surged 15.3% on an earnings beat, marking its largest single-day move since 1999 and closing at R$16.65. The surge was driven by stronger-than-expected Brazil beer volume growth in Q1.

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Brazilian Brewer Ambev Surges 15% on Earnings Beat, Lifting Ibovespa · The Nexus