CBD: Q1 Earnings Snapshot

SAO PAULO (AP) — SAO PAULO (AP) — Companhia Brasileira de Distribuicao (CBD) on Thursday reported a first-quarter loss of $47.7 million, after reporting a profit in the same period a year earlier.

The Sao Paulo-based company said it had a loss of 18 cents per share. Losses, adjusted to account for discontinued operations, came to 23 cents per share.

The retailer posted revenue of $865.5 million in the period.

The company’s shares closed at $3.08. A year ago, they were trading at $4.42.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBD at https://www.zacks.com/ap/CBD