Suncor Energy should pump out gains as Q4 profit nearly triples, easily beats target

By Midnight Trader,  February 02, 2011, 08:56:29 AM EDT

Suncor Energy Inc (SU.TO), Canada's biggest energy company, should pump out gains and may post a new year high after saying it earned $1.35 billion or 87 cents a share in the fourth quarter, up from $457 million or 29 cents a share in the previous corrsponding period. It has an existing year high of $42.

Analysts on average had forecast Suncor to earn 51 cents a share, according to Thomson Reuters I/B/E/S.

Cash flow, a glimpse into a company's ability to fund development, almost doubled to $2.14 billion or $1.37 a share from $1.13 billion or $0.72 a share.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

Live Free And Die
Live Free And Die                   
Oklahoma Tornado Coverage Continued
Oklahoma Tornado Coverage Continued
Neighbors Chase Burglars Out of Home
Neighbors Chase Burglars Out of Hom...
Rhino Birth Adds to Beleaguered World Numbers
Rhino Birth Adds to Beleaguered Wor...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.44 0.07  0.52%
F $ 14.955 0.10  0.63%
CLWR $ 3.38 0.12  3.68%
SIRI $ 3.515 0.02  0.43%
MSFT $ 34.86 0.22  0.63%
CSCO $ 24.025 0.08  0.33%
MRK $ 47.35 2.14  4.73%
PFE $ 28.75 0.05  0.17%