Investing.com - Petroleo Brasileiro ADR Reptg 2 Pref reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Petroleo Brasileiro ADR Reptg 2 Pref announced earnings per share of R$-0.11 on revenue of R$13.42B. Analysts polled by Investing.com anticipated EPS of R$0.01 on revenue of R$13.77B.
Petroleo Brasileiro ADR Reptg 2 Pref shares are down 57.31% from the beginning of the year and are trading at R$6.37 , 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 Royal Dutch Shell ADR on Thursday, who reported EPS of R$0.06 on revenue of R$44.02B, compared to forecasts EPS of R$0.04 on revenue of R$46.36B.
BP ADR had beat expectations on Tuesday with third quarter EPS of R$0.03 on revenue of R$44.2B, compared to forecast for EPS of R$-0.06 on revenue of R$41.7B.
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