RIO DE JANERIO RJ BR, Brazil (AP) — RIO DE JANERIO RJ BR, Brazil (AP) — Petroleo Brasileiro SA – Petrobras (PBR) on Monday reported first-quarter earnings of $6.2 billion.
The Rio De Janerio Rj Br, Brazil-based company said it had profit of 96 cents per share. Earnings, adjusted for non-recurring gains, were 70 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The oil and gas company posted revenue of $23.54 billion in the period.
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