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Telefonica Brasil profit falls 15 percent, misses estimates
May 7, 2013 / 10:56 AM / 4 years ago

Telefonica Brasil profit falls 15 percent, misses estimates

BRASILIA, May 7 (Reuters) - Brazilian phone company Telefonica Brasil SA said on Tuesday that first-quarter net income fell 15.3 percent from a year earlier to 810 million reais ($401.78 million).

Profit at the Brazilian unit of Spain’s Telefonica SA missed analysts’ average estimate of 926 million reais, according to a Reuters survey.

Earnings before interest, taxes, depreciation and amortization fell 3.5 percent to 2.75 billion reais, below an average estimate of 2.85 billion reais in the Reuters poll.

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