Brazil's Gerdau beats fourth-quarter profit estimates

SAO PAULO Fri Feb 21, 2014 7:10am EST

Related Topics

SAO PAULO Feb 21 (Reuters) - Brazilian steelmaker Gerdau SA beat profit estimates for the fourth quarter as expenses fell faster than revenue in a traditionally weak period for output and sales.

Porto Alegre, Brazil-based Gerdau on Friday posted net income of 491.6 million reais ($207 million), above the 427 million reais estimated in a Reuters poll of six analysts.

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article