Investing.com - Petroleo Brasileiro Petrobras ADR reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Petroleo Brasileiro Petrobras ADR announced earnings per share of 0.58 on revenue of 20.9B. Analysts polled by Investing.com anticipated EPS of 0.5725 on revenue of 22.04B.
Petroleo Brasileiro Petrobras ADR shares are up 30% from the beginning of the year, still down 14.70% from its 52 week high of 12.38 set on July 1. They are outperforming the OMX Helsinki 25 which is up 17.68% 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 1.58 on revenue of 73.79B, compared to forecasts EPS of 1.56 on revenue of 71.02B.
Chevron had beat expectations on Friday with third quarter EPS of 2.96 on revenue of 44.71B, compared to forecast for EPS of 2.21 on revenue of 40.27B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar