Investing.com - Petroleo Brasileiro Petrobras ADR reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Petroleo Brasileiro Petrobras ADR announced earnings per share of 0.00 on revenue of 16.32B. Analysts polled by Investing.com anticipated EPS of 0.1224 on revenue of 17.88B.
Petroleo Brasileiro Petrobras ADR shares are down 11% from the beginning of the year and are trading at 9.63 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 9.6% 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 April 30, who reported EPS of 0.65 on revenue of 59.15B, compared to forecasts EPS of 0.5989 on revenue of 56.38B.
Chevron had beat expectations on April 30 with first quarter EPS of 0.9 on revenue of 32.03B, compared to forecast for EPS of 0.8873 on revenue of 32.54B.
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