Cenovus: Q1 Earnings Snapshot
By AP News
Published - Apr 26, 2023, 06:30 AM ET
Last Updated - Jun 22, 2023, 03:47 AM EDT
CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Cenovus Energy Inc. (CVE) on Wednesday reported first-quarter net income of $470.4 million.
The Calgary, Alberta-based company said it had net income of 24 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The oil company posted revenue of $9.07 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $9.96 billion.
