Ultra (UGPA3) 3Q Profit Surges 249% to R$2.7B, Announces R$1.1B Dividend

Ultra's third-quarter profit jumped 249% to R$2.7 billion, with revenue up 20% to R$44.4 billion, slightly missing consensus of R$44.65 billion. The company will pay R$1.1 billion in dividends. The strong earnings beat and dividend announcement are positive for the stock, though revenue miss suggests some softness.

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