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Brazil's Petrobras beats quarterly profit, margin estimates

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RIO DE JANEIRO, July 28 (Reuters) - Brazil's Petrobras smashed second quarter profit and margin estimates, boosted by divestments and higher margins in its natural gas business, the company said on Thursday.

In a securities filing, Petroleo Brasileiro SA, as the state-run oil firm is formally known, reported a net income of 54.33 billion reais ($10.5 billion), well above the Refinitiv consensus estimate of 38 billion reais.

($1 = 5.18 reais) (Reporting by Gram Slattery; Editing by Sandra Maler)