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Stock impact report

Brazil's Cielo misses fourth-quarter estimates amid fierce competition [Reuters]

CIELO SA S/ADR (CIOXY) 
NASDAQ:AMEX Investor Relations: cielo.riweb.com.br/default.aspx?linguagem=en
Company Research Source: Reuters
Brazil's Cielo misses fourth-quarter estimates amid fierce competition SAO PAULO, Jan 28 (Reuters) - Brazilian card processor Cielo SA missed analysts’ forecasts for the fourth quarter amid fierce competition among payment solution companies in Brazil. Cielo on Monday reported net income of 724.1 million reais ($192.51 million) in the fourth quarter, down 30.6 percent from the same period one year earlier and below a Refinitiv analyst consensus of 892.3 million reais. $1 = 3.7614 reaisReporting by Carolina Mandl; Editing by Dan Grebler Our Standards: The Thomson Reuters Trust Principles. Show less Read more
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