Investing.com - Canadian Natural reported second quarter earnings that matched analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of C$0.87 on revenue of C$5.52B. Analysts polled by Investing.com forecast EPS of C$0.87 on revenue of C$5.53B. That compared to EPS of C$1.04 on revenue of C$5.31B in the same period a year earlier. The company had reported EPS of C$0.7 on revenue of C$5.25B in the previous quarter.
Canadian Natural shares lost 2.51% to trade at C$32.59 in intra-day trade following the report.
For the year, Canadian Natural shares are up 7%, under-performing the CAC 40 which is up 19.07% year to date.
Canadian Natural follows other major Energy sector earnings this month
On Thursday, July 25, 2019, Teck Resources A reported second quarter EPS of C$0.81 on revenue of C$3.14B, compared to forecasts of EPS of C$0.85 on revenue of C$3B.
Cenovus Energy Inc earnings missed analyst's expectations on Thursday, July 25, 2019, with second quarter EPS of C$0.22 on revenue of C$5.93B. Investing.com analysts expected EPS of C$0.34 on revenue of C$5.41B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar