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Suncor Energy Inc. Reports Decline In Q3 Profit, But Beats Estimates

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News

Suncor Energy Inc. (SU) reported earnings for third quarter that Dropped, from last year but beat the Street estimates.

The company's bottom line totaled $1.619 billion, or $1.34 per share. This compares with $2.020 billion, or $1.59 per share, last year.

Analysts on average had expected the company to earn $0.95 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 3.0% to $12.667 billion from $13.062 billion last year.

Suncor Energy Inc. earnings at a glance (GAAP) :

-Earnings: $1.619 Bln. vs. $2.020 Bln. last year.
-EPS: $1.34 vs. $1.59 last year.
-Revenue: $12.667 Bln vs. $13.062 Bln last year.

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