Brazil's JBS earns nearly $320 mln in Q1, beating analysts expectations

BRF SA

14/05/2024 22:24

SAO PAULO, May 14 (Reuters) - Brazil's JBS SA
 JBSS3.SA , the world's largest meat-packer, on Tuesday reported
a net profit of 1.64 billion reais ($319.74 million) for the
first quarter, which beat analysts' expectations by a wide
margin, according to an earnings statement. 
    After a strong quarter for its U.S. pork business and its
beef and processed foods divisions in Brazil, JBS said earnings
before interest, tax, depreciation and amortization, a measure o
 operating income known as EBITDA, was 6.4 billion reais in the
period.
    Analysts had predicted JBS's net profit at 869.1 million
reais, and EBITDA at 5.2 billion reais. 

 (Reporting by Roberto Samora and Ana Mano; Editing by Leslie
Adler)
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