SAO PAULO-SP, Brazil (AP) — SAO PAULO-SP, Brazil (AP) — Telefonica Brasil SA (VIV) on Monday reported first-quarter profit of $238.7 million.

The Sao paulo-Sp, Brazil-based company said it had net income of 15 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The telecommunications company posted revenue of $2.93 billion in the period.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VIV at https://www.zacks.com/ap/VIV