Cenovus (CVE) Q1 Earnings Beat Estimates, Revenues Miss

Cenovus Energy Inc. (CVE) reported first-quarter 2024 adjusted earnings per share of 46 cents, which beat the Zacks Consensus Estimate of 35 cents. The bottom line also increased from the year-ago quarter’s figure of 24 cents.Total quarterly revenues of $9.94 billion missed the Zacks Consensus Estimate of$9.98 billion. The top line, however, increased from the year-ago quarter’s level of $9.07 billion.Strong quarterly earnings can be primarily attributed to higher contributions from the Oil Sands unit and ...