Investing.com - Pioneer Natural reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.01 on revenue of $1.92B. Analysts polled by Investing.com anticipated EPS of $1.88 on revenue of $2.4B. That compared to EPS of $1.41 on revenue of $2.11B in the same period a year earlier. The company had reported EPS of $1.83 on revenue of $2.41B in the previous quarter.
For the year, Pioneer Natural shares are down 8.58%, under-performing the S&P 500 which is up 16.34% year to date.
Pioneer Natural follows other major Energy sector earnings this month
On Friday, Exxon Mobil reported second quarter EPS of $0.61 on revenue of $69.09B, compared to forecasts of EPS of $0.66 on revenue of $63.6B.
Royal Dutch Shell B ADR earnings missed analyst's expectations on Thursday, with second quarter EPS of $0.86 on revenue of $90.54B. Investing.com analysts expected EPS of $1.21 on revenue of $81.86B
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