SAO PAULO, Nov 12 (Reuters) - Oi SA, which controls Brazil’s fourth-largest wireless carrier, posted operational earnings of 2.18 billion reais ($580 million) in the third quarter that beat analysts’ expectations.
Earnings before interest, tax, depreciation and amortization, a gauge of operational profits known as EBITDA, at Oi was higher than the 1.843 billion reais estimated in a Reuters poll of five analysts.
EBITDA was 2.26 billion reais a year earlier, according to a securities filing on Thursday. The company did not include its third-quarter net income or loss figures in the filing. (Reporting by Reese Ewing)