Brazil’s Vivo Q1 profit surges 44 pct

SAO PAULO, May 3 (BestGrowthStock) – Vivo (VIVO4.SA: ), Brazil’s
largest wireless carrier, reported a 44 percent jump in
first-quarter net income to 191.9 million reais ($110 million),
from 133 million reais in the year-earlier period.

Sao Paulo-based Vivo was expected to earn 267 million reais
in net income in the quarter, according to the average
prediction of six analysts published on April 29.

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($1=1.738 reais)
(Reporting by Cesar Bianconi; Writing by Guillermo
Parra-Bernal; Editing by Derek Caney)

Brazil’s Vivo Q1 profit surges 44 pct