Investing.com - Ecopetrol ADR reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ecopetrol ADR announced earnings per share of 2060.64 on revenue of 23,333B. Analysts polled by Investing.com anticipated EPS of 2315.76 on revenue of 21,837.73B.
Ecopetrol ADR shares are up 16% from the beginning of the year, still down 4.53% from its 52 week high of 15.91 set on October 11. They are under-performing the WIG30 which is up 27.26% 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 Exxon Mobil on October 29, who reported EPS of 1.58 on revenue of 73.79B, compared to forecasts EPS of 1.56 on revenue of 71.13B.
Chevron had beat expectations on October 29 with third quarter EPS of 2.96 on revenue of 44.71B, compared to forecast for EPS of 2.2 on revenue of 39.97B.
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