|End-of-day quote - 05/14|
ADRs End Lower
|02/26/2021 | 04:38pm|
By Allison Prang
International stocks trading in New York fell Friday.
Anheuser-Busch InBev and Petroleo Brasileiro SA were among the companies with ADRs that traded actively.
The S&P/BNY Mellon index of American depositary receipts fell 1.5% to 162.78. The European index decreased 1.7% to 130.68, the Asian index dropped 1.2% to 248.44, the Latin American index fell 2.7% to 175.14 and the emerging markets index decreased 1.3% to 431.68.
ADRs of Anheuser-Busch InBev fell 4% to $57.73. The company reported its fourth-quarter results a day earlier and said revenue was $12.77 billion and profit attributable to the company's equity holders was $2.27 billion. The company said it expects its top and bottom lines "to improve meaningfully" in the 2021 fiscal year compared to the prior fiscal year.
ADRs of Petroleo Brasileiro fell 4.1% to $7.93. The Wall Street Journal reported that a board member said a move by Brazil's president to install an army general at the company in the worst-case situation could lead to more share losses and could also lead to resignations. The board member said the only way to keep away political interference was to privatize the company. The company's chief executive said he would leave the company -- which is controlled by the state -- next month. Petroleo Brasileiro reported fourth-quarter results earlier this week.
--Jeffrey T. Lewis, Luciana Magalhaes and Samantha Pearson contributed to this article.
Write to Allison Prang at email@example.com
(END) Dow Jones Newswires