Enerplus Corporation Q3 Profit Falls
(RTTNews) - Enerplus Corporation (ERF.TO) released earnings for third quarter that decreased from last year
The company's bottom line came in at $127.66 million, or $0.59 per share. This compares with $305.95 million, or $1.28 per share, in last year's third quarter.
Excluding items, Enerplus Corporation reported adjusted earnings of $137.2 million or $0.65 per share for the period.
The company's revenue for the quarter fell 37.9% to $447.23 million from $720.53 million last year.
Enerplus Corporation earnings at a glance (GAAP) :
-Earnings (Q3): $127.66 Mln. vs. $305.95 Mln. last year. -EPS (Q3): $0.59 vs. $1.28 last year. -Revenue (Q3): $447.23 Mln vs. $720.53 Mln last year.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.