Investing.com | Jul 31, 2020 11:31
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'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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
Written By: Investing.com
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