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Petrobras (PBR) Q3 Earnings Jump On Oil Surge, Output Falls
Article By:
Zacks Investment Research
Friday, November 9, 2018 1:00 PM EDT
Brazil's state-run energy giant Petrobras announced third-quarter earnings per ADS of 26 cents, missing the Zacks Consensus Estimate of 35 cents. The weaker-than-expected results can be attributed to lower oil and gas production and higher spending.