Market Overview

Petrobras Posts Q2 Net Loss

Related PBR
Foreign Stock Roundup: Infosys Beats, Taiwan Semiconductor Misses
Watch These 7 Huge Put Purchases In Thursday Trade
Oslo Asset Management ASA Buys Gulfport Energy Corp, Rice Midstream Partners LP, Petroleo ... (GuruFocus)

Brazilian Petroleo Brasileiro SA (NYSE: PBR) posted a net loss in the second quarter.

Petrobras posted a quarterly net loss of 1.35 billion Brazilian reais ($668 million), versus a year-ago net profit of BRL10.9 billion. However, analysts were expecting a profit of BRL3.6 billion.

Its domestic crude oil production dropped 2.4% in the same period.

Petrobras shares closed at $20.33 on Friday.

Posted-In: lossEarnings News


Related Articles (PBR)

View Comments and Join the Discussion!