Investing.com - Petroleo Brasileiro ADR Reptg 2 Pref reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Petroleo Brasileiro ADR Reptg 2 Pref announced earnings per share of 0.58 on revenue of 20.9B. Analysts polled by Investing.com anticipated EPS of 0.5725 on revenue of 22.04B.
Petroleo Brasileiro ADR Reptg 2 Pref shares are down 6.42% from the beginning of the year and are trading at 10.35 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Petroleo Brasileiro ADR Reptg 2 Pref follows other major Energy sector earnings this month
Petroleo Brasileiro ADR Reptg 2 Pref's report follows an earnings beat by Exxon Mobil on Friday, who reported EPS of 1.58 on revenue of 73.79B, compared to forecasts EPS of 1.56 on revenue of 71.02B.
Chevron had beat expectations on Friday with third quarter EPS of 2.96 on revenue of 44.71B, compared to forecast for EPS of 2.21 on revenue of 40.27B.
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