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Brazil's Gerdau posts 10% fall in third-quarter adjusted profit

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Brazil's Gerdau posts 10% fall in third-quarter adjusted profit

Nov 5, 2024 2:31 PM

SAO PAULO, Nov 5 (Reuters) - Brazilian steelmaker Gerdau ( GGB )

posted on Tuesday a 10% decline in its third-quarter

adjusted net profit from a year earlier, to 1.43 billion reais

($248.7 million).

Still, it came above the 1.36 billion reais expected by

analysts polled by LSEG.

($1 = 5.7490 reais)

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