Brazil's Cielo beats profit estimates as revenue soars
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)
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