Investing.com - Petroleo Brasileiro Petrobras ADR reported on Friday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Petroleo Brasileiro Petrobras ADR announced earnings per share of -0.11 on revenue of 9.48B. Analysts polled by Investing.com anticipated EPS of -0.19 on revenue of 11.17B.
Petroleo Brasileiro Petrobras ADR shares are down 43.04% from the beginning of the year and are trading at 9.08 , down-from-52-week-high.They are under-performing 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 Royal Dutch Shell B ADR on Thursday, who reported EPS of 0.16 on revenue of 32.5B, compared to forecasts EPS of -0.2 on revenue of 54.33B.
Total ADR had beat expectations on Thursday with second quarter EPS of 0.02 on revenue of 21.58B, compared to forecast for EPS of -0.12 on revenue of 24.54B.
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