Aug. 4 at 12:51 PM
$CVE beats earnings but misses on revenue — what's the impact? 🤔
Cenovus Energy reported Q2 EPS of 33 cents, topping the Zacks Consensus Estimate of 14 cents, but declined from last year's 39 cents, thanks to reduced transportation and blending expenses. Yet, revenues of
$8.9B fell short of expectations and declined from last year’s
$10.9B due to a significant decline in contributions from major segments.
Opportunity assessment here 👉 https://www.zacks.com/stock/news/2661473/cenovus-energy-q2-earnings-beat-estimates-revenues-miss?cid=sm-stocktwits-2-2661473-body-5600&ADID=SYND_STOCKTWITS_TWEET_2_2661473_BODY_5600