9 de agosto de 2016 / 21:37 / hace un año

Brazil's Cyrela misses profit estimates on lower revenue

1 MIN. DE LECTURA

SAO PAULO, Aug 9 (Reuters) - Cyrela Brazil Realty SA , Brazil's biggest listed homebuilder, missed second-quarter profit estimates on Tuesday as revenue fell and expenses rose amid the nation's harshest recession in decades.

Net income totaled 45 million reais ($14 million) last quarter, missing a consensus estimate of 59.2 million reais compiled by Thomson Reuters. Earnings before interest, tax, debt and amortization, a gauge of operational profitability known as EBITDA, came in at 63 million reais, below the 133.9 million reais consensus estimate.

$1 = 3.1467 Brazilian reais Reporting by Ana Mano; Editing by David Gregorio

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below