Investing.com - Pioneer Natural reported third quarter earnings that beat analysts' expectations on Monday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.99 on revenue of $2.33B. Analysts polled by Investing.com anticipated EPS of $1.96 on revenue of $2.38B. That compared to EPS of $2.07 on revenue of $2.48B in the same period a year earlier. The company had reported EPS of $2.01 on revenue of $1.92B in the previous quarter.
For the year, Pioneer Natural shares are up 3.47%, under-performing the S&P 500 which is up 24.28% year to date.
Pioneer Natural follows other major Energy sector earnings this month
On Friday, Exxon Mobil reported third quarter EPS of $0.68 on revenue of $65.05B, compared to forecasts of EPS of $0.67 on revenue of $60.9B.
Royal Dutch Shell B ADR earnings beat analyst's expectations on Thursday, with third quarter EPS of $1.18 on revenue of $86.59B. Investing.com analysts expected EPS of $0.98 on revenue of $84.9B
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