Telefonica Brasil posts 56 pct drop in Q2 net profit
SAO PAULO, July 29 (Reuters) - Brazilian phone company Telefonica Brasil SA said on Wednesday that second-quarter net profit fell 56.4 percent from a year earlier to 932.9 million reais ($259.14 million), missing an average forecast of 1.018 billion in a Reuters poll.
Earnings before interest, taxes, depreciation and amortization rose 2.8 percent to 3.132 billion reais, in line with an average forecast of 3.075 billion.
($1 = 3.6 reais) (Reporting by Caroline Stauffer and Brad Haynes; editing by Jason Neely)
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