Suncor Energy: 2Q Earnings Snapshot
CALGARY, Alberta (AP) _ Suncor Energy Inc. (SU) on Wednesday reported second-quarter net income of $2.04 billion.
On a per-share basis, the Calgary, Alberta-based company said it had net income of $1.30. Earnings, adjusted for non-recurring gains, were 60 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The energy company posted revenue of $7.55 billion in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $8.15 billion.
Suncor Energy shares have risen 9% since the beginning of the year. The stock has fallen 25% in the last 12 months.