By Gerson Freitas Jr. and Clarice Couto
JBS SA, the world’s largest meat producer, posted third-quarter profit that missed analysts’ estimates as earnings from its North American beef business tumbled.
Adjusted profit from JBS’s North American beef unit — the company’s largest business — plunged almost 80% from a year earlier as profit margins narrowed, JBS said Monday in a statement. That undercut results for the Brazilian company, which posted adjusted earnings before items of $5.41 billion reais ($1.1 billion) — a 43% drop from the year-earlier period. Results missed the…
