27 de febrero de 2014 / 13:22 / hace 4 años

Shares of Brazil's Gafisa rise on earnings, buyback

SAO PAULO, Feb 27 (Reuters) - Gafisa SA shares rose in early Thursday trading after the Brazilian homebuilder posted a sharp rise in fourth-quarter profit from a year earlier.

Late on Wednesday, Gafisa also announced that its board had approved the repurchase of up to 17,456,434 shares over the next year.

At 10:16 a.m. (1316 GMT), Gafisa shares were up 5.75 percent at 3.31 reais. (Reporting by Asher Levine; Editing by Lisa Von Ahn)

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