Cenovus (CVE) Q2 Earnings Lag Estimates on Higher Expenses
CVECenovus Energy(CVE) ZACKS·2024-08-09 22:21

Cenovus Energy Inc. (CVE) reported second-quarter 2024 adjusted earnings per share of 39 cents, which missed the Zacks Consensus Estimate of 52 cents. However, the bottom line increased from the year-ago quarter’s figure of 33 cents.Total quarterly revenues of 10.88billiontoppedtheZacksConsensusEstimateof10.88 billion topped the Zacks Consensus Estimate of 9.78 billion. The top line also increased from the year-ago quarter’s level of $9.1 billion.The weaker-than-expected quarterly earnings can be primarily attributed to a significant decline in prod ...