SAO PAULO, Feb 20 (Reuters) - Brazilian steelmaker Gerdau reported on Tuesday a 45.1% decline in fourth quarter adjusted net profit compared with a year earlier.
Gerdau's adjusted net profit landed at 732 million reais ($148.55 million), while analysts polled by LSEG expected 815.2 million reais.
($1 = 4.9275 reais) (Reporting by Andre Romani; Editing by Anthony Esposito)
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