Enerplus Corporation (ERF.TO) reported a profit for first quarter that decreased from last year and missed the Street estimates.
The company's bottom line came in at $66.14 million, or $0.32 per share. This compares with $137.49 million, or $0.62 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 18.6% to $359.26 million from $441.15 million last year.
Enerplus Corporation earnings at a glance (GAAP) :
-Earnings (Q1): $66.14 Mln. vs. $137.49 Mln. last year.
-EPS (Q1): $0.32 vs. $0.62 last year.
-Revenue (Q1): $359.26 Mln vs. $441.15 Mln last year.
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