SAO PAULO, May 7 (Reuters) - Brazilian pork and poultry

processor BRF SA ( BRFS ) reported net profit of 594 million

reais ($117.17 million) in the first quarter, beating the

average of analysts' expectations at 449.79 million reais,

according to a financial statement released on Tuesday.

The company, which serves domestic and export markets, said

earnings before interest, tax, depreciation and amortization, a

measure of operating income known as EBITDA, came in at 2.1

billion reais ($414.24 million), almost four times higher than

in the same period a year ago.

($1 = 5.0695 reais)