SAO PAULO (AP) _ Companhia Brasileira de Distribuicao (CBD) on Wednesday reported fourth-quarter net income of $296.2 million.
The Sao Paulo-based company said it had net income of $1.10 per share. Earnings, adjusted to account for discontinued operations, came to 91 cents per share.
The retailer posted revenue of $2.74 billion in the period.
For the year, the company reported profit of $422.8 million, or $1.58 per share. Revenue was reported as $9.95 billion.
CBD shares have increased 8% since the beginning of the year. The stock has declined 10% 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
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