Eni (E) Q3 Earnings Miss Estimates, Revenues Decline Y/Y
Zacks Investment Research | Nov 14, 2019 09:16PM ET
Eni SpA (NYSE:E) reported third-quarter 2019 adjusted earnings from continuing operations of 33 cents per American Depository Receipt (ADR), lagging the Zacks Consensus Estimate of 52 cents and declining from the year-ago quarter’s 91 cents.
Total revenues in the quarter were €16,961 million, which declined 14.8% year over year.
The company witnessed weak quarterly results, thanks to lower average realized prices of liquids and natural gas, and a decline in petrochemical product sales. Since it reported earnings on Oct 25, there have not been any major changes in the share price movement.
Eni SpA Price, Consensus and EPS Surprise
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