Investing.com - Equinor ADR reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Equinor ADR announced earnings per share of $0.76 on revenue of $22.54B. Analysts polled by Investing.com anticipated EPS of $0.7307 on revenue of $21.66B.
Equinor ADR shares are up 1% from the beginning of the year, still down 0.97% from its 52 week high of $28.30 set on October 20. They are under-performing the STOXX 600 which is up 19.06% 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 $0.36 on revenue of $5.85B, compared to forecasts EPS of $0.3568 on revenue of $5.94B.
Valero Energy had beat expectations on October 21 with third quarter EPS of $1.22 on revenue of $29.52B, compared to forecast for EPS of $0.9216 on revenue of $24.97B.
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