11:57 AM EDT, 03/20/2024 (MT Newswires) -- Braskem ( BAK ) reported Q4 net loss Tuesday of 1.58 billion Brazilian reals ($317 million), narrowing from a loss of 1.71 billion Brazilian reals a year earlier.

Analysts polled by Capital IQ expected a loss of 641 million Brazilian reals.

Revenue for the quarter ended Dec. 31 was 16.69 billion Brazilian reals, down from 18.99 billion Brazilian reals a year earlier.

Analysts surveyed by Capital IQ expected 17.04 billion Brazilian reals.

The company shares were up over 11% in recent trading on Wednesday.

Price: 10.02, Change: +1.03, Percent Change: +11.40