Investing.com - Encana Corporation reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of C$0.2 on revenue of C$2.33B. Analysts polled by Investing.com forecast EPS of C$0.18 on revenue of C$2.32B. That compared to EPS of C$0.23 on revenue of C$1.65B in the same period a year earlier. The company had reported EPS of C$0.28 on revenue of C$2.7B in the previous quarter.
Encana Corporation shares lost 6.51% to trade at C$5.17 in intra-day trade following the report.
For the year, Encana Corporation shares are up 13%, under-performing the STOXX 600 which is up 18.32% year to date.
Encana Corporation 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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