February 24, 2017 / 10:56 AM / 7 months ago

Brazil retailer GPA reports quarterly loss, missing forecasts

SAO PAULO, Feb 24 (Reuters) - Brazil’s largest diversified retailer GPA SA reported a fourth-quarter net loss of 29 million reais ($9 million) on Friday, falling short of forecasts for a first profit in seven quarters.

The consolidated net loss for the company narrowed sharply from a loss of 384 million reais a year earlier but was well below a Thomson Reuters consensus estimate of a profit of 111 million reais. ($1 = 3.06 reais) (Reporting by Gabriela Mello; editing by David Clarke)

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