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Arc Resources Ltd Profit Declines In Q3

Arc Resources Ltd (ARX.TO) revealed earnings for third quarter that declined from last year.

The company's profit came in at C$45.1 million, or C$0.13 per share. This compares with C$48.5 million, or C$0.14 per share, in last year's third quarter.

Analysts had expected the company to earn C$0.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Arc Resources Ltd earnings at a glance:

-Earnings (Q3): C$45.1 Mln. vs. C$48.5 Mln. last year.
-EPS (Q3): C$0.13 vs. C$0.14 last year.
-Analysts Estimate: C$0.21

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