Investing.com - TC Energy reported third quarter earnings that missed analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of C$0.79 on revenue of C$3.48B. Analysts polled by Investing.com forecast EPS of C$1 on revenue of C$3.56B. That compared to EPS of C$1 on revenue of C$3.16B in the same period a year earlier. The company had reported EPS of C$1 on revenue of C$3.37B in the previous quarter.
TC Energy shares gained 1.08% to trade at C$67.11 in intra-day trade following the report.
For the year, TC Energy shares are down 35.68%, under-performing the S&P/TSX which is up 16.87% year to date.
TC Energy follows other major Energy sector earnings this month
On Friday, Pembina Pipeline reported third quarter EPS of C$0.66 on revenue of C$1.7B, compared to forecasts of EPS of C$0.59 on revenue of C$1.94B.
Cenovus Energy Inc earnings beat analyst's expectations on Thursday, with third quarter EPS of C$0.23 on revenue of C$4.7B. Investing.com analysts expected EPS of C$0.21 on revenue of C$5.03B
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