04:48 AM EDT, 05/08/2024 (MT Newswires) -- BRF (BRFS) reported Q1 net income Tuesday of 594 million Brazilian reais ($117.1 million), swinging from a loss of 1.02 billion reais a year earlier.

Four analysts polled by Capital IQ expected net income of 344.4 million reais.

Net revenue for the quarter was 13.38 billion reais, up from 13.18 billion reais a year earlier.

Analysts surveyed by Capital IQ expected 13.66 billion reais.

Shares of the company were up more than 2% in Wednesday premarket activity.

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