Investing.com - Ecopetrol ADR reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ecopetrol ADR announced earnings per share of 3440.63 on revenue of 32,473B. Analysts polled by Investing.com anticipated EPS of 3226.97 on revenue of 33,404.51B.
Ecopetrol ADR shares are up 17.61% from the beginning of the year, still down 23.47% from its 52 week high of 19.81 set on April 18. They are outperforming the EUR/USD which is down 0% from the start of the year.
Ecopetrol ADR follows other major Energy sector earnings this month
Ecopetrol ADR's report follows an earnings missed by Exxon Mobil on April 29, who reported EPS of 2.07 on revenue of 90.5B, compared to forecasts EPS of 2.23 on revenue of 82.84B.
Chevron had missed expectations on April 29 with first quarter EPS of 3.36 on revenue of 54.37B, compared to forecast for EPS of 3.4 on revenue of 51.14B.
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