Investing.com - Ultrapar Participacoes reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ultrapar Participacoes announced earnings per share of 0.0421 on revenue of 6.84B. Analysts polled by Investing.com anticipated EPS of 0.044 on revenue of 6.48B.
Ultrapar Participacoes shares are up 14.39% from the beginning of the year and are trading at 2.930 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Ultrapar Participacoes follows other major Energy sector earnings this month
Ultrapar Participacoes'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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