Brazil's GPA posts bigger-than-expected second-quarter loss
SAO PAULO, July 28 (Reuters) - GPA SA, Brazil's biggest retailer, posted a second-quarter net loss that was about five times bigger than expected, according to a securities filing on Thursday.
São Paulo-based GPA, which is controlled by France's Casino Guichard Perrachon & Cie, lost a net 583 million reais ($179 million) last quarter, missing a Thomson Reuters consensus estimate of 102 million reais.
Adjusted earnings before interest, taxes, depreciation and amortization was 760 million reais, beating consensus estimates of 461.4 million reais for the quarter.
($1 = 3.2592 Brazilian reais) (Reporting by Guillermo Parra-Bernal; editing by Susan Thomas)
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