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CBD: 2Q Earnings Snapshot

CBD: 2Q Earnings Snapshot

Associated Press

SAO PAULO (AP) _ Companhia Brasileira de Distribuicao (CBD) on Tuesday reported second-quarter profit of $133.2 million.

The Sao Paulo-based company said it had profit of 47 cents per share. Earnings, adjusted for non-recurring gains and to account for discontinued operations, came to 15 cents per share.

The retailer posted revenue of $3.28 billion in the period.

CBD shares have decreased 15 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $20.12, a decline of 8 percent in the last 12 months.

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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