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SAO PAULO (AP) — SAO PAULO (AP) — Itau Unibanco Holding S.A. (ITUB) on Thursday reported first-quarter net income of $1.79 billion.

The Sao Paulo-based bank said it had earnings of 18 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The financial holding company posted revenue of $16.63 billion in the period. Its revenue net of interest expense was $7.68 billion, also topping Street forecasts.

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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 ITUB at https://www.zacks.com/ap/ITUB