Investing.com - Crescent Point Energy reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of C$0.36 on revenue of C$973M. Analysts polled by Investing.com expected EPS of C$0.15 on revenue of C$854M. That compared to EPS of C$-0.3 on revenue of C$893.55M in the same period a year earlier. The company had reported EPS of C$0.59 on revenue of C$671M in the previous quarter.
Crescent Point Energy shares lost 2.37% to trade at C$4.12 in intra-day trade following the report.
For the year, Crescent Point Energy shares are up 13%, under-performing the S&P Global (NYSE:SPGI) 100 which is up 16.25% year to date.
Crescent Point Energy follows other major Energy sector earnings this month
On Thursday, Cenovus Energy Inc reported second quarter EPS of C$0.22 on revenue of C$5.77B, compared to forecasts of EPS of C$0.33 on revenue of C$5.44B.
Husky Energy Inc. earnings beat analyst's expectations on Thursday, with second quarter EPS of C$0.36 on revenue of C$5.86B. Investing.com analysts expected EPS of C$0.31 on revenue of C$5.34B
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