May 10, 2010 / 9:54 PM / in 8 years

Brazil's Pao de Acucar Q1 net 126.2 mln reais

SAO PAULO, May 10 (Reuters) - Grupo Pao de Acucar PCAR5.SA (CBD.N), Brazil’s largest retailer, on Monday posted first-quarter net income of 126.2 million reais ($71 million), compared with 94.9 million reais in the same period a year earlier.

    Net income at the Sao Paulo-based company, was expected to soar to 140 million reais, according to the average forecast of five analysts in a Reuters poll.

    ($1=1.777 reais)

    Reporting by Cesar Bianconi, Writing by Elzio Barreto

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