February 21, 2018 / 11:58 AM / 8 months ago

Telefonica Brasil hits quarterly profit forecasts

SAO PAULO, Feb 21 (Reuters) - Telefonica Brasil SA , the country's largest telecommunications firm, met fourth-quarter profit forecasts on Wednesday as the company raised its reliance on higher-end mobile and data offerings.

In a securities filing, the Brazilian unit of Spain's Telefonica SA reported net income of 1.517 billion reais ($466 million).

That was slightly below a Reuters consensus estimate of 1.61 billion reais, though recurring net income - which the company said corrects for one-off expenses like regulatory provisions - came in at 1.63 billion reais.

$1 = 3.25 reais Reporting by Gram Slattery; editing by Jason Neely

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