Veren's Shares Fall After Reporting Lower Q3 Results

MT Newswires Live

2024-10-31

Veren Inc.1.81%盘后

Veren's (VRN) shares fell nearly 14% in recent trading after reporting Q3 adjusted earnings Thursday of 0.29 Canadian dollar ($0.21) per share, down from CA$0.59 a year earlier.

A single analyst polled by Capital IQ expected CA$0.35.

Oil and gas sales for the quarter ended Sept. 30 were CA$992.9 million, down from CA$998.7 million a year earlier.

Three analysts surveyed by Capital IQ expected CA$1 billion.

Price: 5.20, Change: -0.84, Percent Change: -13.85

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