U.S. Markets closed

Brazil's Fibria Q1 profit jumps, but less than expected

BRASILIA, April 25 (Reuters) - First-quarter profit at Fibria Celulose SA jumped 87 percent from the year before but sill undershot analyst expectations, the Brazilian wood pulp producer said in a securities filing on Wednesday.

Net income reached 615 million reais ($177 million), below a consensus estimate of 696 million reais compiled by Reuters. Earnings before interest, tax, depreciation and amortization, a gauge of operating profits known as EBITDA, soared 168 percent to 1.783 billion reais.


($1 = 3.4730 reais) (Reporting by Bruno Federowski, editing by Louise Heavens)