Investing.com - PEDEVCO reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
PEDEVCO announced earnings per share of $0.0100 on revenue of $7.47M. Analysts polled by Investing.com anticipated EPS of $0.0300 on revenue of $8.3M.
PEDEVCO shares are up 11.32% from the beginning of the year , still down 51.64% from its 52 week high of $2.44 set on Tuesday, March 8, 2022.
PEDEVCO follows other major Energy sector earnings this month
PEDEVCO'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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