Investing.com - Ultrapar Participacoes reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ultrapar Participacoes announced earnings per share of R$0.01 on revenue of R$2.9B. Analysts polled by Investing.com anticipated EPS of R$0.02 on revenue of R$2.96B.
Ultrapar Participacoes shares are down 43.93% from the beginning of the year and are trading at R$3.51 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Ultrapar Participacoes follows other major Energy sector earnings this month
Ultrapar Participacoes's report follows an earnings missed by Exxon Mobil on July 31, who reported EPS of R$-0.7 on revenue of R$32.61B, compared to forecasts EPS of R$-0.61 on revenue of R$38.16B.
Chevron had missed expectations on July 31 with second quarter EPS of R$-1.59 on revenue of R$13.49B, compared to forecast for EPS of R$-0.93 on revenue of R$21.87B.
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