JBS SA, the world's largest meat packer, posted a third-quarter profit on Wednesday that was well below analysts' expectations after taking on more debt to acquire the Seara poultry unit from its rival Marfrig.The S�o Paulo-based company posted unadjusted consolidated earnings of 219.8 million reais ($95.6 million) for the July-September period.The result was less than half of the average estimate of 452 million reais in a Thomson Reuters poll of analysts and 40 percent below the year-earlier 367 million reais.In the previous quarter, the company's profit was 338.5 million reais, helped by lower feed costs and a stronger real that made Brazilian beef exports more appealing.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.76% or $0.29/share to $38.36. In the past year, the shares have traded as low as $26.71 and as high as $38.39. On average, 880377 shares of TRI exchange hands on a given day and today's volume is recorded at 497140.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.3% or $0.12/share to $40.06. In the past year, the shares have traded as low as $26.65 and as high as $40.17. On average, 915570 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 829960.
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