Banco do Brasil Posts Decline In Q4 Net Income - Banco do Brasil BB Brasil (OTC:BDORY)

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Banco do Brasil SA (OTC: BDORY) posted a drop in its net income in the fourth quarter.The bank posted its quarterly earnings at 2.972 billion reais ($1.73 billion), down from 4.002 billion reais, in the year-ago period. However, analysts were expecting a quarterly profit of 2.731 billion reais.The bank's net income climbed 1.9% versus the third quarter.Excluding one-time items, Banco do Brasil's quarterly profit dropped to 3.025 billion reais. However, analysts were expecting a recurring profit of 2.731 billion reais BDORY shares closed at $15.71 yesterday.

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