Brazilian steelmaker Gerdau's Q3 profit tops estimates

Reuters

SAO PAULO, Oct 31 (Reuters) - Brazil's Gerdau SA , the largest steelmaker in the Americas,reported third-quarter net income of 642 million reais ($293million), according to a securities filing on Thursday.

According to a Thomson Reuters poll of six analysts, thePorto Alegre-based company, was expected to post average netincome of 546.5 million reais in the quarter.

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