Investing.com - Crescent Point Energy reported first quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of C$-4.4 on revenue of C$641M. Analysts polled by Investing.com expected EPS of C$-0.02 on revenue of C$681M. That compared to EPS of C$0.59 on revenue of C$671M in the same period a year earlier. The company had reported EPS of C$-1.73 on revenue of C$772M in the previous quarter.
For the year, Crescent Point Energy shares are down 68.74%, under-performing the S&P/TSX which is down 13.43% year to date.
Crescent Point Energy follows other major Energy sector earnings this month
On Friday, May 1, 2020, TC Energy reported first quarter EPS of C$1.18 on revenue of C$3.42B, compared to forecasts of EPS of C$1.07 on revenue of C$3.61B.
Teck Resources A earnings beat analyst's expectations on Tuesday, April 21, 2020, with first quarter EPS of C$0.17 on revenue of C$2.38B. Investing.com analysts expected EPS of C$0.15 on revenue of C$2.38B
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