Gerdau S.A. (XGGB.MC)
| Previous close | 3.3800 |
| Open | 3.6200 |
| Bid | 3.6000 x 0 |
| Ask | 3.6800 x 0 |
| Day's range | 3.6200 - 3.6200 |
| 52-week range | 3.2600 - 5.6000 |
| Volume | |
| Avg. volume | 777 |
| Market cap | 6.758B |
| Beta (5Y monthly) | 1.35 |
| PE ratio (TTM) | 5.69 |
| EPS (TTM) | 0.6400 |
| Earnings date | 31 July 2024 |
| Forward dividend & yield | 0.28 (8.36%) |
| Ex-dividend date | 29 Feb 2024 |
| 1y target est | N/A |
- Reuters
UPDATE 1-Brazil's Gerdau posts 48% fall in fourth quarter profit on lower steel sales
Brazilian steelmaker Gerdau posted on Thursday a 47.9% decrease in its adjusted net profit for the first quarter from the same period a year earlier, affected by lower steel sales amid higher imports in Brazil. It reported a 1.25 billion reais ($244.6 million) adjusted net profit for the three-month period ended in March. Gerdau, which has most of its business in Brazil and North America, posted a net revenue decline of 14.1% year-on-year, as steel sales fell 8.6% in volume, with the company attributing the performance to "excessive imports in the Brazilian market".
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