Investing.com - ENGlobal reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
ENGlobal announced earnings per share of $-0.070 on revenue of $13.06M. Analysts polled by Investing.com anticipated EPS of $-0.030 on revenue of $12.07M.
ENGlobal shares are down 41.36% from the beginning of the year and are trading at $0.980 , down-from-52-week-high.
ENGlobal shares lost 10.91% in intra-day trade following the report.
ENGlobal follows other major Energy sector earnings this month
ENGlobal's report follows an earnings beat by Exxon Mobil on Friday, October 28, 2022, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on Friday, October 28, 2022 with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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