August 1, 2013 / 2:23 AM / 4 years ago

Suncor operating profit falls 25 pct, misses analyst expectations

July 31 (Reuters) - Suncor Energy Inc, Canada’s largest oil and gas company, said late on Wednesday its second-quarter operating profit fell 25 percent, missing analyst expectations by a penny.

Net income for the quarter was C$680 million ($661.45 million), or 45 Canadian cents per share, up from C$324 million, or 21 Canadian cents, in the second-quarter of 2012.

Operating profit, which excludes most one-time items, fell 25 percent to C$934 million, or 62 Canadian cents per share, down from C$1.25 billion, or 80 Canadian cents a share, in the year-prior quarter.

The result missed the average analyst forecast of the measure of 63 Canadian cents per share according to Thomson Reuters I/B/E/S.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below