By Jeffrey T. LewisSÃO PAULO--Ambev's profit rose in the third quarter, boosted by lower commodities costs, especially for aluminum. The São Paulo-based brewer posted net income of 4.0 billion reais, equivalent to $793 million, from BRL3.2 billion a year earlier. Net revenue reached BRL20.3 billion from BRL20.6 billion a year earlier. The figure for EPS beat market expectations, while net sales underperformed. The consensus compiled by FactSet was for EPS of BRL0.22 and for net sales of BRL21.4 billion.

Source: Wall Street Journal October 31, 2023 11:38 UTC