May 4, 2018 / 10:42 PM / 2 months ago

Brazil's BR Distribuidora posts earnings miss in first quarter

RIO DE JANEIRO, May 4 (Reuters) - Brazil’s Petrobras Distribuidora SA, the fuel distribution unit of state-controlled oil company Petroleo Brasileiro, missed net income estimates in the first quarter, a filing showed on Friday.

BR Distribuidora, as the company is known, posted net income of 247 million reais ($69.98 million), well below a consensus estimate compiled by Thomson Reuters of 332.37 million reais.

Earnings before interest, taxes, depreciation and amortization, a common gauge of operational profitability known as EBITDA, were 773 million reais, above a consensus estimate of 733.77 million reais.

$1 = 3.5297 reais Reporting by Roberto Samora; Editing by Dan Grebler

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below