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Brazil's Gerdau beats fourth-quarter profit estimates
2014年2月21日 / 中午12点12分 / 4 年前

Brazil's Gerdau beats fourth-quarter profit estimates

SAO PAULO, Feb 21 (Reuters) - Brazilian steelmaker Gerdau SA beat profit estimates for the fourth quarter as expenses fell faster than revenue in a traditionally weak period for output and sales.

Porto Alegre, Brazil-based Gerdau on Friday posted net income of 491.6 million reais ($207 million), above the 427 million reais estimated in a Reuters poll of six analysts.

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