JBS SA said its normalized net income for the first quarter came to 41 Brazilian centavos per share, compared with the S&P Capital IQ consensus estimate of 18 centavos per share.
EPS climbed year over year from 4 centavos.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.17 billion reais, a gain from 111.1 million reais in the prior-year period.
The normalized profit margin rose to 3.5% from 0.4% in the year-earlier period.
Total revenue rose 28.0% on an annual basis to 33.82 billion reais from 26.42 billion reais, and total operating expenses increased 25.9% year over year to 31.84 billion reais from 25.30 billion reais.
Reported net income rose year over year to 1.39 billion reais, or 48 centavos per share, from 70.0 million reais, or 2 centavos per share.
As of May 14, US$1 was equivalent to 3.01 reais.
