Brazilian telecom carrier Telefonica Brasil SA (NYSE:VIV) reported first quarter 2012 net income of R$956.6 million ($541.2 million), down 15.2% year over year. Earnings per ADS came in at 48 cents, which missed the Zacks Consensus Estimate of 54 cents.
Revenue grew 3.7% year over year to R$8.31 billion ($4.7 billion). The outperformance was primarily driven by growth in mobile revenue.
Consolidated EBITDA inched up 0.3% year over year to R$2.85 billion ($1.61 billion) with EBITDA margin … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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