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UPDATE: Enbridge Down 1% As Q3 2012 Earnings Miss; On Track to Meet Full Year Earnings Guidance

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Enbridge Inc. (ENB.TO) reported third quarter 2012 adjusted earnings of $269 million, or $0.34 per share, compared to consensus estimate of $0.35 per share earnings. In the same period last year, adjusted earnings were $239 million, or $0.32 per share.

Al Monaco, CEO, said: "As we approach the end of 2012 with nine-month adjusted earnings of $922 million, or $1.20 per share, and a strong fourth quarter expected, we remain on track to achieve full year adjusted earnings per share well within our guidance range of $1.58 to $1.74."

ENB went down by 1% to $39.63, trading near year low $34.25. Volume traded is over 183,000.

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

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

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