Investing.com - Petroleo Brasileiro Petrobras ADR reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Petroleo Brasileiro Petrobras ADR announced earnings per share of 0.51 on revenue of 24B. Analysts polled by Investing.com anticipated EPS of 0.7461 on revenue of 23.97B.
Petroleo Brasileiro Petrobras ADR shares are up 32.6% from the beginning of the year and are trading at 14.56 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Petroleo Brasileiro Petrobras ADR follows other major Energy sector earnings this month
Petroleo Brasileiro Petrobras ADR's report follows an earnings beat by Exxon Mobil on February 1, who reported EPS of 2.05 on revenue of 84.97B, compared to forecasts EPS of 1.94 on revenue of 85.01B.
Chevron had missed expectations on January 28 with fourth quarter EPS of 2.56 on revenue of 48.13B, compared to forecast for EPS of 3.13 on revenue of 45.34B.
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