Investing.com - Ecopetrol ADR reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ecopetrol ADR announced earnings per share of 0.16 on revenue of 3.23B. Analysts polled by Investing.com anticipated EPS of 0.17 on revenue of 2.9B.
Ecopetrol ADR shares are down 46% from the beginning of the year, still down 54.51% from its 52 week high of 20.95 set on January 14. They are under-performing the S&P 500 which is up 4.95% from the start of the year.
Ecopetrol ADR follows other major Energy sector earnings this month
Ecopetrol ADR's report follows an earnings beat by BP ADR on Tuesday, who reported EPS of 0.03 on revenue of 44.2B, compared to forecasts EPS of -0.06 on revenue of 41.7B.
Schlumberger had beat expectations on October 16 with third quarter EPS of 0.16 on revenue of 5.26B, compared to forecast for EPS of 0.12 on revenue of 5.4B.
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