Brazil's Gerdau Q3 posts 655 mln reais profit

SAO PAULO, Nov 5 (Reuters) - Gerdau (GGBR4.SA: Quote, Profile, Research)(GGB.N: Quote, Profile, Research), Brazil's largest steelmaker, reported net income of 655 million reais ($378 million), compared with a loss of 329 million reais in the second quarter.

The Porto Alegre, Brazil-based company did not provide year-on-year figures.

Gerdau was expected to report a third-quarter profit of 677 million reais, according to the average estimate of six analysts in a Reuters poll taken earlier this week. ($1=1.733 reais) (Reporting by Guillermo Parra-Bernal; Editing by Derek Caney)