May 15, 2018 / 12:43 AM / in 2 months

Brazil's JBS beats estimates on Q1

SAO PAULO, May 14 (Reuters) - Brazil’s JBS SA, the world’s largest meatpacking company, reported on Monday a net income of 506 million reais ($140 million) for the first quarter, 48 percent above analysts expectations of 341 million reais.

Earnings before interest, tax, depreciation and amortization (EBITDA), a gauge of operating profitability, stood at 2.8 billion reais, also higher than a 2.709 billion reais consensus estimate.

$1 = 3.6229 reais Reporting by Tatiana Bautzer; Editing by Sandra Maler

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