JBS Q4 results improved, but still hurt by poultry sector
Brazil's JBS, the world's biggest beef producer, missed forecasts for its fourth-quarter profit on Wednesday as a weak North American poultry market eroded a boost from surging U.S. beef and pork prices.
JBS posted a net income of 25.6 million reais ($14 million)compared to a loss of 67.5 million reais a year earlier, missing forecasts of a 167 million reais profit in a Reuters survey of four analysts.