Petrobras earnings miss forecasts on spending surge, shares fall

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Petrobras earnings miss forecasts on spending surge, shares fall
07 November 2018, News Wires — Brazil’s Petroleo Brasileiro SA on Tuesday reported a surge in third-quarter net profit that still lagged forecasts as oil prices rose but spending at the state-owned company jumped. Petrobras made a net profit of 6.644 billion reais ($1.78 billion), well above the 266 million reais it posted a year … More »
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