Investing.com - Petroleo Brasileiro ADR Reptg 2 Pref reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Petroleo Brasileiro ADR Reptg 2 Pref announced earnings per share of 0.3 on revenue of 13.91B. Analysts polled by Investing.com anticipated EPS of 0.1471 on revenue of 13.38B.
Petroleo Brasileiro ADR Reptg 2 Pref shares are up 11% from the beginning of the year, still down 28.27% from its 52 week high of 12.52 set on February 25, 2020. They are outperforming the IBEX 35 which is up 3.15% 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 Exxon Mobil on February 2, who reported EPS of 0.03 on revenue of 46.54B, compared to forecasts EPS of 0.0078 on revenue of 46.55B.
Chevron had missed expectations on January 29 with fourth quarter EPS of -0.01 on revenue of 25.25B, compared to forecast for EPS of 0.0918 on revenue of 25.82B.
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