Jio's First Profit Is `Too Good to Believe' for Bernstein
Traffic travels past a billboard for Reliance Jio Infocomm Ltd. in the Bandra area of Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Jio's First Profit Is `Too Good to Believe' for Bernstein

(Bloomberg) -- Reliance Jio Infocomm Ltd.’s first-ever net income is “a bit too good to believe” for Sanford C. Bernstein analysts, who examined how the phone carrier accounts for some costs.
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