Investing.com - Ultrapar Participacoes reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ultrapar Participacoes announced earnings per share of 0.0297 on revenue of 4.74B. Analysts polled by Investing.com anticipated EPS of 0.0412 on revenue of 4.68B.
Ultrapar Participacoes shares are down 22% from the beginning of the year, still down 12.87% from its 52 week high of 4.74 set on December 17, 2020. They are under-performing the STOXX 600 which is up 10.14% 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 April 30, who reported EPS of 0.65 on revenue of 59.15B, compared to forecasts EPS of 0.5989 on revenue of 56.38B.
Chevron had beat expectations on April 30 with first quarter EPS of 0.9 on revenue of 32.03B, compared to forecast for EPS of 0.8875 on revenue of 32.54B.
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