CORRECTION: Cenovus Energy Q3 GAAP EPS $0.72 Beats $0.71 Estimate, Sales $10.87B Miss $11.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cenovus Energy (NYSE:CVE) reported Q3 earnings of $0.72 per share, beating the analyst consensus estimate of $0.71 by 1.41%. However, the company's quarterly sales of $10.87 billion missed the analyst consensus estimate of $11.27 billion by 3.58%. This represents a 19.01% decrease in sales compared to the same period last year.
November 02, 2023 | 10:55 am
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Cenovus Energy's Q3 earnings beat estimates but sales fell short. This mixed result could lead to uncertainty in the market.
Cenovus Energy's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a cause for concern. The mixed results could lead to uncertainty in the market, making it difficult to predict the short-term impact on the stock price.
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