* 23 pct jump in transactions drives net revenue
* Net Revenue and EBITDA miss analysts’ expectations
SAO PAULO, July 25 (Reuters) - Cielo, Brazil’s largest card payment processor, posted second-quarter profit of 548.9 million reais ($270 million), nearly 30 percent higher than a year ago, according to a securities filing.
Net earnings of the Barueri, Brazil-based Cielo beat average expectations of eight analysts for 539.7 million reais.
A 23 percent increase in credit and debit card transactions drove a 28 percent increase in net revenue to 1.26 billion reais compared with a year ago. Revenue missed analysts’ estimates of 1.409 billion reais, however.
EBITDA, earnings before interest, tax, depreciation and amortization - a popular gauge of operational profitability - rose 20.7 percent to 705.1 million reais from a year earlier.
EBITDA was expected at 889.6 million reais for the quarter in the poll.