JBS misses estimates as financial expenses soar
August 15, 2017 | News Article
U.S., Canadian beef operations post improved revenue
Weakness in Brazil was partly compensated by the good results of the U.S., Canadian and Australian beef divisions, as well as the chicken meat business in the U.S., the company said.
The results underscore the company’s difficulties operating in Brazil, whose economy grew just 1 percent in the first quarter from the preceding one, marking an exit from its longest recession on record.