Brazil's Cielo beats profit estimates as revenue soars

miércoles 29 de julio de 2015 18:20 GYT
 

SAO PAULO, July 29 (Reuters) - Cielo SA, Brazil's largest card payment processor, beat second-quarter profit estimates on Wednesday after revenue surged faster than expenses and taxes.

Barueri, Brazil-based Cielo earned a total 907.6 million reais ($273 million) in net income last quarter, above the 880 million reais predicted in a Reuters poll of analysts.

($1 = 3.3262 Brazilian reais) (Reporting by Guillermo Parra-Bernal; Editing by Chris Reese)