Brazil's Cielo misses profit estimates as operating expenses surge [Reuters]
CIELO SA S/ADR (CIOXY)
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Source: Reuters
Brazil's Cielo misses profit estimates as operating expenses surge - Reuters 1 Min Read SAO PAULO (Reuters) - Brazilian card processor Cielo SA ( CIEL3.SA ) on Tuesday posted a 33.3% drop in second-quarter profit from a year earlier, missing analysts’ estimates, as operating expenses surged. Net income came in at 431.2 million reais ($114.27 million), down 12.5% from a Refinitiv consensus of 491.9 million reais. Reporting by Carolina Mandl in Sao Paulo; Editing by Matthew Lewis All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Brazil's Cielo misses profit estimates as operating expenses surge SAO PAULO (Reuters) - Brazilian card processor Cielo SA ( CIEL3.SA ) on Tuesday posted a 33.3% drop in second-quarter profit from a year earlier, missing analysts’ estimates, as operating expenses surged. Net income came in at 431.2 million reais ($114.27 million), down 12.5% from a Refinitiv consen
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