The Ibovespa inched higher to trade above 148,000 on Thursday amid a busy day of mixed earnings reports from major companies. Ambev jumped nearly 4% after reporting a net profit of R$4.86 billion in Q3, up 36.4% from a year earlier. Multiplan rose 0.8% ahead of its results, which are expected to show stronger revenue, after announcing two expansion projects worth R$65 million at Barra Shopping and BH Shopping. Bradesco fell over 3% despite an 18.8% increase in recurring net profit, as results came in below bullish expectations. JPMorgan said investors had anticipated a profit closer to R$6.5 billion and noted that higher “other expenses” and additional labor provisions offset solid pre-tax results. Gerdau, set to report later in the day, slipped 1.1%.