Shares of Brazil's Brookfield drop after 2nd-qtr loss
SAO PAULO Aug 15 (Reuters) - Shares of Brazil's Brookfield Incorporações SA fell nearly 4 percent on Thursday after the homebuilder posted a much deeper-than-expected quarterly loss.
The company late on Wednesday reported a net loss of 160.5 million reais ($69.2 million) for the second quarter as it continued to struggle with sales cancellations and cost overruns. Four analysts polled by Reuters forecast, on average, a loss of 50.8 million reais.
At 10:13 a.m. (1313 GMT), Brookfield shares were down 3.72 percent to 1.81 reais.