Current PBR Stock Info

Analysts expected Petrobras to report positive numbers this quarter, but write-downs dragged
Brazil’s state-owned Petrobras (ticker: PBR) saw its stock drop about 5% in the opening minutes of its call as the company reported a 16.5 billion Brazilian reais ($5.1 billion) net loss due in large part to write-downs on the company’s assets. The company’s stock recovered slightly throughout the call, but today’s earnings has investors worried that the road to recover for the company – which holds the designation as the world’s most in-debt oil and g...

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