Brazil's Bradesco slightly misses first-quarter profit estimate

SAO PAULO, April 22 Mon Apr 22, 2013 4:16am EDT

SAO PAULO, April 22 (Reuters) - Banco Bradesco SA , Brazil's second-biggest private sector bank, said a measure of first-quarter profit rose 3.4 percent compared with the same period a year earlier, according to a statement on Monday.

Net income excluding one-time items, a gauge of earnings known as recurring profit, totaled 2.943 billion reais ($1.46 billion) in the first three months of 2013, the statement said. A Thomson Reuters poll of ten analysts predicted recurring earnings of 2.98 billion reais in the period.

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