Vamos Reports Strong Earnings Amid Stock Decline

Brazil’s Vamos’s stock plummeted 9.03% in early trading at the B3 exchange, reaching R$ 8.16 per share. However, three analysts maintain a “buy” recommendation despite the drop. The company’s 2Q24 net profit nearly doubled to R$ 205.5 million ($36 million) year-over-year. Meanwhile, adjusted EBITDA rose 31.6% to R$ 875.7 million ($153.6 million), slightly below expectations. […]