Investing.com - Crescent Point Energy reported first quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of C$0.59 on revenue of C$836M. Analysts polled by Investing.com expected EPS of C$0.08 on revenue of C$853.65M. That compared to EPS of C$-0.17 on revenue of C$894.65M in the same period a year earlier. The company had reported EPS of C$-4.35 on revenue of C$792.5M in the previous quarter.
For the year, Crescent Point Energy shares are up 27.78%, outperforming the S&P/TSX which is up 15.23% year to date.
Crescent Point Energy follows other major Energy sector earnings this month
On Friday, May 3, 2019, TransCanada reported first quarter EPS of C$1.07 on revenue of C$3.49B, compared to forecasts of EPS of C$1.01 on revenue of C$3.66B.
Canadian Natural earnings beat analyst's expectations on Thursday, with first quarter EPS of C$0.7 on revenue of C$5.25B. Investing.com analysts expected EPS of C$0.51 on revenue of C$4.84B
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