Investing.com - Crescent Point Energy reported third quarter earnings that missed analysts' expectations on Thursday and revenue that was inline with forecasts.
The firm reported earnings per share of C$-0.55 on revenue of C$798M. Analysts polled by Investing.com anticipated EPS of C$0.04 on revenue of C$798M. That compared to EPS of C$0.06 on revenue of C$988.55M in the same period a year earlier. The company had reported EPS of C$0.36 on revenue of C$959M in the previous quarter.
Crescent Point Energy shares lost 6.36% to trade at C$4.86 in intra-day trade following the report.
For the year, Crescent Point Energy shares are up 13%, under-performing the STOXX 600 which is up 18.32% year to date.
Crescent Point Energy follows other major Energy sector earnings this month
On Thursday, Cenovus Energy Inc reported third quarter EPS of C$0.23 on revenue of C$4.7B, compared to forecasts of EPS of C$0.21 on revenue of C$5.03B.
Teck Resources A earnings beat analyst's expectations on Thursday, October 24, 2019, with third quarter EPS of C$0.72 on revenue of C$3.04B. Investing.com analysts expected EPS of C$0.66 on revenue of C$3.03B
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