Investing.com - Ultrapar Participacoes reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ultrapar Participacoes announced earnings per share of 0.0311 on revenue of 5.68B. Analysts polled by Investing.com anticipated EPS of 0.035 on revenue of 5.39B.
Ultrapar Participacoes shares are up 33% from the beginning of the year, still down 49.37% from its 52 week high of 4.74 set on December 17, 2020. They are outperforming the Nasdaq which is up 22.68% 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 October 29, who reported EPS of 1.58 on revenue of 73.79B, compared to forecasts EPS of 1.56 on revenue of 71.13B.
Chevron had beat expectations on October 29 with third quarter EPS of 2.96 on revenue of 44.71B, compared to forecast for EPS of 2.2 on revenue of 39.97B.
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