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Telefonica Brasil tops Q3 profit estimates
October 25, 2017 / 9:28 AM / a month ago

Telefonica Brasil tops Q3 profit estimates

Oct 25 (Reuters) - Telefonica Brasil SA, the biggest telecommunications firm in the country, on Wednesday reported third-quarter net income of 1.223 billion reais ($377 million), up 28 percent from a year earlier.

Profit at the Brazilian unit of Spain’s Telefonica beat an average forecast of 1.177 billion reais in a Reuters survey of analysts.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 7.8 percent to 3.677 billion reais versus a consensus estimate of 3.656 billion reais.

$1 = 3.24 reais Reporting by Gram Slattery; editing by Jason Neely

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