Rede D'Or Stock Rises 7.7% as Higher Average Tickets Boosted 1Q Earnings
By Jeffrey T. Lewis
SÃO PAULO--Rede D'Or São Luiz's shares rose 7.7% after the Brazilian hospital and healthcare company's profit was boosted in the first quarter by higher average tickets--amounts billed for the treatment of a client.
Shares reached 28.06 reais, the equivalent of $5.68, and were down 12% from the end of last year through Monday's close. Brazil's benchmark Ibovespa stocks index was up 0.1% in mid-afternoon trading.
Rede D'Or said Monday after the close that its average ticket rose 11% from a year earlier, while the average ticket for the oncology unit grew 23% in the period.
The company also posted improved savings in costs and expenses, while its oncology unit grew strongly in volumes as well, Credit Suisse analysts Mauricio Cepeda and Pedro Caravina said in a research note.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
(END) Dow Jones Newswires
May 16, 2023 13:59 ET (17:59 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening In the Markets This Week
-
Can the Fed Declare Victory on Inflation?
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing
-
Going Into Earnings, Is Nvidia Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Arista Stock a Buy, a Sell, or Fairly Valued?
-
A Cheap Dividend Aristocrat to Buy Before It Bounces Back
-
Alibaba Earnings: More Positive Outlook Despite Mixed Results
-
After Earnings and a 56% Rally In 2024, Is Arm Stock a Buy, a Sell, or Fairly Valued?
-
How Morningstar Rates Stocks
-
After Earnings, Is Disney Stock a Buy, a Sell, or Fairly Valued?