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Stock impact report

UPDATE 1-Brazil's BRF loses $32 mln in Q1, misses consensus [Reuters]

BRF S.A. (BRFS) 
Last brf s.a. earnings: 11/11 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ir.brf-global.com
Company Research Source: Reuters
UPDATE 1-Brazil's BRF loses $32 mln in Q1, misses consensus | Reuters Reuters Staff 3 Min Read (Adds details from financial statement, context) By Ana Mano SAO PAULO, May 10 (Reuters) - Brazilian food company BRF SA on Thursday reported its second consecutive quarterly loss as the firm reels from a food safety scandal that prompted trade bans and led it to reduce production capacity at five plants. BRF said it lost 114 million reais ($32 million) last quarter, missing a consensus estimate for net income of 14.99 million reais. BRF, Brazil’s largest chicken processor, also missed a consensus estimate for earnings before interest, tax, depreciation and amortization, a gauge of operating profit, which came in at 783 million reais, some 7 percent below forecast. BRF results have been adversely affected by an ongoing food safety probe in Brazil implicating companies and government health inspectors accused of colluding to evade safety and quality checks. BRF said it had incurred additional Show less Read more
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