Dossier
WEG
Coverage of WEG in the Nexus archive.
- WEG Profit Dips Just 2.1%, Stock Jumps on Margins
WEG's second-quarter profit declined by 2.1%, better than the anticipated 8% drop, leading to a stock surge due to firm margins.
- WEG Q2 Preview: Analysts See an 8% Profit Dip
Analysts predict an 8% decline in WEG's second-quarter profits due to a stronger Brazilian real and transformer expansion costs. Major banks attribute the expected earnings pressure to these factors.