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In the same quarter of last year, the company earned 68 cents per share on revenue of $34.51 billion.
The result is going to be lower in a YoY basis, what price reaction do you expect?
I expect a beat by PBR and a positive reaction from the markets, if however there is a negative reaction to the earnings, I expect PBR to quickly recover. As long PBR to remain above 8.50 I am bullish PBR.