Investing.com - Forum Energy reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Forum Energy announced earnings per share of $-0.25 on revenue of $181.8M. Analysts polled by Investing.com anticipated EPS of $-0.35 on revenue of $161M.
Forum Energy shares are down 16% from the beginning of the year and are trading at $27.94 , down-from-52-week-high.
Forum Energy follows other major Energy sector earnings this month
Forum Energy'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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