Investing.com - Petroleo Brasileiro Petrobras ADR reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Petroleo Brasileiro Petrobras ADR announced earnings per share of 1.22 on revenue of 32.76B. Analysts polled by Investing.com anticipated EPS of 1.09 on revenue of 30.63B.
Petroleo Brasileiro Petrobras ADR shares are down 20.81% from the beginning of the year, still down 11.69% from its 52 week high of 16.30 set on May 23. They are under-performing the S&P/TSX which is down 7.33% 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 Exxon Mobil on Friday, who reported EPS of 4.14 on revenue of 115.68B, compared to forecasts EPS of 3.84 on revenue of 94.97B.
Chevron had beat expectations on Friday with second quarter EPS of 5.82 on revenue of 68.76B, compared to forecast for EPS of 5.09 on revenue of 57.96B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar