Investing.com - Ultrapar Participacoes reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ultrapar Participacoes announced earnings per share of 0.0609 on revenue of 5.2B. Analysts polled by Investing.com anticipated EPS of 0.0593 on revenue of 5.64B.
Ultrapar Participacoes shares are up 20.26% from the beginning of the year, still down 29.54% from its 52 week high of 4.74 set on December 17, 2020. They are outperforming the STOXX 600 which is up 18.93% 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 July 30, who reported EPS of 1.1 on revenue of 67.74B, compared to forecasts EPS of 1.01 on revenue of 64.64B.
Chevron had beat expectations on July 30 with second quarter EPS of 1.71 on revenue of 37.6B, compared to forecast for EPS of 1.59 on revenue of 36.33B.
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