Investing.com - Pakistan Petroleum reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Pakistan Petroleum announced earnings per share of ₨1.04 on revenue of ₨62.30B. Analysts polled by Investing.com anticipated EPS of ₨5.13 on revenue of ₨59.19B.
Pakistan Petroleum shares are down 42.46% from the beginning of the year , still down 31.24% from its 52 week high of ₨89.00 set on Thursday, March 3, 2022.
Pakistan Petroleum follows other major Energy sector earnings this month
Pakistan Petroleum's report follows an earnings missed by Oil and Gas Development Co on Thursday, September 22, 2022, who reported EPS of ₨5.06 on revenue of ₨95.2B, compared to forecasts EPS of ₨6.39 on revenue of ₨101.76B.
Mari Petroleum Company had missed expectations on Wednesday, August 31, 2022 with fourth quarter EPS of ₨42.01 on revenue of ₨27.52B, compared to forecast for EPS of ₨45.65 on revenue of ₨28.29B.
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