Recap: Petrobras Brasileiro Q1 Earnings

Petrobras Brasileiro PBR reported its Q1 earnings results on Friday, May 12, 2023 at 06:00 AM.

Here's what investors need to know about the announcement.

Earnings

Petrobras Brasileiro beat estimated earnings by 30.23%, reporting an EPS of $1.12 versus an estimate of $0.86.

Revenue was down $418.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.16 which was followed by a 3.72% increase in the share price the next day.

To track all earnings releases for Petrobras Brasileiro visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.