Telefonica Brasil misses profit estimates on weak sales, debt

miércoles 4 de noviembre de 2015 17:34 GYT
 

SAO PAULO Nov 4 (Reuters) - Telefonica Brasil SA , Brazil's largest telecommunications company by revenue, reported a 16 percent drop in net income on Wednesday due to weak sales growth and rising debt-related costs.

Telefonica's third-quarter profit fell from a year earlier to 886 million reais ($233 million), missing an average estimate of 1.017 billion reais in a Reuters survey of analysts. ($1 = 3.799 Brazilian reais) (Reporting by Brad Haynes)