Brazil's WEG reports 6.3% fall in fourth-quarter net profit
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SAO PAULO, Feb 25 (Reuters) - Brazilian motor maker WEG on Wednesday reported fourth-quarter net profit of 1.59 billion reais ($308.61 million), down 6.3% from a year earlier and slightly below the 1.61 billion reais expected by analysts in an LSEG poll. WEG's net revenue for the quarter reached 10.25 billion reais, a 5.3% year-on-year decrease. Analysts expected it to come in at 10.63 billion reais. ($1 = 5.1522 reais) (Reporting by Gabriel Araujo, Editing by Louise Heavens)
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