Suncor Energy (SU) Stock Dips After Q3 Report

The most important component of the company is the results from the past quarters. According to this, the destiny of the company determines. Whether the company has reported high or low results investors decide to invest in or not. Today, the company named Suncor Energy has reported the third-quarter report of fiscal 2022 year. Moreover, after the report, the price for the stock has shown a decrease in the amount of more than 3%. The price of one share of the company for today is equal to $22.89.According to the recently announced report, Suncor Energy has reported quarterly earnings of $0.56 per share, which has missed the expert’s estimate of $0.58 per share. The operating earnings of the company have increased to $1.043 billion in the third quarter, compared to the previous year’s result of $338 million. Moreover, the earning surprise represents -3.45%.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.