UPDATE 2-Usiminas net beats estimates, expects tough market

Newswire

* Net income rises 14 pct y/y, beats estimates in poll * Sales tumble vs Q2, reflecting slowdown, imports * Financial expenses tumble; EBITDA surges 76 pct (Adds quarter-on-quarter comparisons, comments from filing, performance per business segment in paragraphs 1-4, 8-16) By Guillermo Parra-Bernal SAO PAULO, Oct 28 (Reuters) - Usiminas, Brazil's biggest producer of flat steel, posted a 14 percent jump in third-quarter profit as higher prices and lower financial expenses helped it ...

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