TechStock² Earnings
Ambev Shares Fall 6.7% as Brazilian Real Weakens, Intensifying Selloff
Ambev's shares fell by 6.7% as the Brazilian real weakened, contributing significantly to a broader stock selloff despite strong Q2 operating results. The depreciation of the real accounted for nearly two percentage points of the decline in Ambev's ADRs. The company reported solid organic EBITDA growth and normalized profit increases in Q2, but analysts maintain a cautious stance …