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Brazil's JBS posts 3rd-qtr profit, misses consensus
November 13, 2017 / 11:49 PM / 4 days ago

Brazil's JBS posts 3rd-qtr profit, misses consensus

SAO PAULO, Nov 13 (Reuters) - Brazil’s JBS SA, the world’s largest meatpacker, posted an unaudited net profit of 323 million reais ($98.50 million) in the third quarter, compared to 887 million reais in the same period a year earlier, the company said on Monday.

The result missed analysts’ consensus estimate of a net profit of 1.53 billion reais. JBS reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of 4.31 billion reais, above analysts’ consensus forecast of 3.9 billion reais.

$1 = 3.2793 Brazilian reais Reporting by Marcelo Teixeira and Alberto Alerigi, editing by G Crosse

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