Petroleo Brasileiro Petrobras ADR Earnings, Revenue miss In Q3

Petroleo Brasileiro Petrobras ADR Earnings, Revenue miss In Q3
Credit: © Reuters. - Petroleo Brasileiro Petrobras ADR reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Petroleo Brasileiro Petrobras ADR announced earnings per share of R$-0.11 on revenue of R$13.18B. Analysts polled by anticipated EPS of R$0.01 on revenue of R$13.55B.

Petroleo Brasileiro Petrobras ADR shares are down 60.16% from the beginning of the year and are trading at R$6.35 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% 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 Royal Dutch Shell ADR on Thursday, who reported EPS of R$0.06 on revenue of R$44.02B, compared to forecasts EPS of R$0.04 on revenue of R$46.36B.

BP ADR had beat expectations on Tuesday with third quarter EPS of R$0.03 on revenue of R$44.2B, compared to forecast for EPS of R$-0.06 on revenue of R$41.7B.

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