Cenovus Energy (CVE) Misses Q3 Earnings Estimates

Cenovus Energy (CVE) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.82%. A quarter ago, it was expected that this oil company would post earnings of $0.52 per share when it actually produced earnings of $0.39, delivering a surprise of -25%.Over the last four quarters, the company ...