Investing.com - TC Energy reported first quarter earnings that beat analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of C$1.18 on revenue of C$3.53B. Analysts polled by Investing.com forecast EPS of C$1.07 on revenue of C$3.61B. That compared to EPS of C$1.07 on revenue of C$3.49B in the same period a year earlier. The company had reported EPS of C$1.03 on revenue of C$3.26B in the previous quarter.
For the year, TC Energy shares are down 8.07%, outperforming the S&P/TSX which is down 14.66% year to date.
TC Energy follows other major Energy sector earnings this month
On Tuesday, April 21, 2020, Teck Resources A reported first quarter EPS of C$0.17 on revenue of C$2.38B, compared to forecasts of EPS of C$0.15 on revenue of C$2.38B.
Husky Energy Srs 1 Cum Red Prf earnings missed analyst's expectations on Wednesday, with first quarter EPS of C$-1.71 on revenue of C$4.07B. Investing.com analysts expected EPS of C$-0.32 on revenue of C$3,954M
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