Brazil's Gerdau reports Q3 net income rose 175%

SAO PAULO, Oct 28 (Reuters) - Brazilian steelmaker Gerdau SA GGBR4.SA on Wednesday reported a third-quarter net income of 795 million reais ($141.3 million), up 175% from the same period a year earlier.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 46% to 2.14 billion reais, beating economists' expectations.

($1 = 5.6240 reais)

(Reporting by Camila Moreira; Editing by Andrew Heavens)

((anthony.boadle@tr.com +55 61 98204-1110; https://twitter.com/anthonyboadle ;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.