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Pembina Pipeline misses 3Q profit forecasts

CALGARY, Alberta (AP) _ Pembina Pipeline Corp. (PBA) on Thursday reported third-quarter net income of $85.3 million.

On a per-share basis, the Calgary, Alberta-based company said it had net income of 21 cents.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The oil and gas transportation and services company posted revenue of $830.1 million in the period.

Pembina Pipeline shares have climbed 11 percent since the beginning of the year. The stock has climbed 19 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PBA at https://www.zacks.com/ap/PBA