Petrobras Brasileiro Q2 Sales $22.98B Miss $23.38B Estimate
Portfolio Pulse from Benzinga Newsdesk
Petrobras Brasileiro (NYSE:PBR) reported Q2 sales of $22.98 billion, missing the analyst consensus estimate of $35.92 billion by 36.03 percent. This represents a 33.78 percent decrease from the same period last year.
August 04, 2023 | 3:00 pm
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NEGATIVE IMPACT
Petrobras Brasileiro's Q2 sales significantly missed estimates, indicating potential financial instability.
Petrobras Brasileiro's Q2 sales missed the analyst consensus estimate by a significant margin, which could indicate financial instability and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100