By: Benzinga
February 05, 2013 at 02:29 AM EST
UPDATE: Petrobras Posts Upbeat Q4 Profit
Brazilian Petroleo Brasileiro SA (NYSE: PBR ) reported a 53% rise in its fourth-quarter net profit. Petrobras' quarterly net profit surged to 7.75 billion Brazilian reais ($3.89 billion), from BRL5.05 billion, in the year-ago period. However, analysts were expecting earnings of BRL6.0 billion. Its net revenue came in at BRL73.4
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