Brazilian telecom carrier Telefonica Brasil SA (NYSE:VIV) reported fiscal 2011 net income of R$5.07 billion ($3.04 billion), up 18.2% year over year. Earnings per ADS came in at $2.71, which outpaced the Zacks Consensus Estimate of $2.46.
Revenue grew 5.4% year over year to R$33.2 billion ($19.9 billion) and surpassed the Zacks Consensus Estimate of $19.3 billion. The outperformance was primarily driven by growth in mobile revenue.
Consolidated EBITDA rose 6.4% year over year to R$12 billion ($7.2 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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