Investing.com - New Fortress Energy reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
New Fortress Energy announced earnings per share of $0.41 on revenue of $731.93M. Analysts polled by Investing.com anticipated EPS of $0.64 on revenue of $547.5M.
New Fortress Energy shares are up 143% from the beginning of the year , still down 6.93% from its 52 week high of $63.06 set on Thursday, August 25, 2022.
New Fortress Energy follows other major Energy sector earnings this month
New Fortress Energy's report follows an earnings beat by Exxon Mobil on Friday, October 28, 2022, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on Friday, October 28, 2022 with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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