Brasil Foods Has a Bad Quarter
date:Nov 14, 2012
ns the stock is expected to exceed Brazils Bovespastock index by more than 10%.

Net income dropped to 90.9 million reals ($44.3 million) in thequarter. The result missed analysts estimates for a gain,excluding one-time items, of 107.8 million reals, the average ofnine estimates compiled by Bloomberg. A year earlier the companyhad net income of 365 million reals. Costs of goods sold rose 21%to 5.67 billion reals in the quarter.

Prices for corn andsoybeans, two main ingredients used to feed Br
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