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Banco Bradesco: 1Q Earnings Snapshot

OSASCO, Brazil (AP) _ Banco Bradesco SA (BBD) on Thursday reported first-quarter earnings of $763.8 million.

The bank, based in Osasco, Brazil, said it had earnings of 8 cents per share. Earnings, adjusted for non-recurring costs, were 9 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The financial holding company posted revenue of $5.84 billion in the period. Its revenue net of interest expense was $5.84 billion, beating Street forecasts.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BBD at https://www.zacks.com/ap/BBD