Ambev SA (ABEV) shares surged 5.29% in pre-market trading on Wednesday following the company's impressive fourth quarter earnings report. The Brazilian beverage company reported Q4 earnings of 5 cents per share, meeting analyst estimates, on revenue that climbed nearly 15% year-over-year to $4.63 billion, exceeding forecasts.
Ambev's quarterly net income rose to $835.1 million, indicating robust profit growth. The results reflect strong demand and successful pricing strategies for the company's beer, soft drinks and other beverages amid inflationary pressures.
The pre-market rally builds on Ambev's recent momentum, with shares already up over 2% this quarter ahead of the earnings announcement. Investors appear encouraged by the company's ability to drive sales growth and protect margins in a challenging macroeconomic environment.
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