Stock Track | Petrobras Plunges 5.38% Pre-Market Following Disappointing Q4 Earnings

Stock Track

02-27

Shares of Petroleo Brasileiro SA Petrobras (PBR) plummeted 5.38% in pre-market trading on Thursday, following the company's release of disappointing fourth-quarter 2024 earnings results.

Petrobras reported a net loss for the quarter, with earnings per share (EPS) coming in at $(0.44). The company's sales for the quarter reached $20.82 billion.

The weak Q4 performance and net loss appear to be the primary drivers behind the sharp decline in Petrobras' stock price on Thursday's pre-market session. Investors often react negatively to companies missing earnings expectations, leading to significant sell-offs.

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