Cenovus: Q3 Earnings Snapshot
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CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Cenovus Energy Inc. (CVE) on Thursday reported third-quarter profit of $1.39 billion.
The Calgary, Alberta-based company said it had profit of 72 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.
The oil company posted revenue of $10.87 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $9.84 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVE at https://www.zacks.com/ap/CVE
