UPDATE 1-Brazil's Cielo beats estimates as cost controls offset weak volumes
May 02, 2016 at 18:59 PM EDT
SAO PAULO, May 2 (Reuters) - Cielo SA beat first-quarter profit estimates on Monday, reflecting efforts to curb costs and boost receivables prepayment income even as the harshest recession in decades dragged down volumes for Brazil's No. 1 card payment processor.
