Investing.com - Equinor ADR reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Equinor ADR announced earnings per share of $2.11 on revenue of $36.46B. Analysts polled by Investing.com anticipated EPS of $1.62 on revenue of $36.63B.
Equinor ADR shares are up 37.75% from the beginning of the year, still down 7.36% from its 52 week high of $39.15 set on April 8. They are outperforming the EUR/USD which is down 0% from the start of the year.
Equinor ADR follows other major Energy sector earnings this month
Equinor ADR's report follows an earnings beat by Schlumberger on Friday, who reported EPS of $0.5 on revenue of $6.77B, compared to forecasts EPS of $0.3995 on revenue of $6.28B.
Kinder Morgan had missed expectations on July 20 with second quarter EPS of $0.27 on revenue of $5.15B, compared to forecast for EPS of $0.2738 on revenue of $3.91B.
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