NEW YORK ( TheStreet) -- Among the major Brazil American depositary receipts, Banco Bradesco (BBD) and Vivo Participacoes (VIV - Get Report), the two companies to have announced their results, surpassed analysts' estimates.Second-quarter profits of Banco Bradesco, the second-largest private sector bank, reached 2.46 billion reais ($1.39 billion) from 1.99 billion reais a year earlier. The quarterly profits came above the 2.26 billion reais consensus estimates of analysts polled by Bloomberg.
Brazil ADRs Post Earnings Surprises
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