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What to Expect From Petrobras Earnings

Petróleo Brasileiro S.A. (NYSE: PBR), better known as Petrobras, is set to release its second-quarter earnings report. The consensus estimates from Thomson Reuters call for $0.13 in earnings per share on $21.96 billion in revenue. In the same period of last year, Petrobras posted earnings of $0.03 per share and $26.02 billion in revenue.

In the previous quarter, Petrobras attributed its loss to higher interest costs, unfavorable currency exchange rates and lower production. The tumble in operating earnings reflected lower gross earnings of 6%...


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