JBS misses profit estimates despite better US beef results
Brazil's JBS, the world's largest meatpacker, posted on Monday a worse-than-expected profit decline in the third quarter, despite operational improvement in its US beef business.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) stood at $1.18 billion for the July-September quarter, a 36% fall year-over-year and below the $1.32 billion expected in an LSEG poll of analysts.
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