trending Market Intelligence /marketintelligence/en/news-insights/trending/q0iTeVg-v-6oRVXTXXB1iQ2 content esgSubNav
In This List

Empresas Copec profit misses consensus by 26.2% in Q3

Blog

Global smart TV forecast return to growth in 2022, sustained through 2026

Case Study

Broad Environmental Data Guides an Insurer’s Journey to Net Zero

Blog

Broadcast deal market recap, Q2'22

Blog

Japan M&A By the Numbers: Q1 2022


Empresas Copec profit misses consensus by 26.2% in Q3

Empresas Copec SA said its third-quarter normalized net income was 10 cents per share, compared with the S&P Capital IQ consensus estimate of 13 cents per share.

EPS decreased 8.9% year over year from 11 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $124.7 million, a decline of 8.9% from $136.9 million in the prior-year period.

The normalized profit margin declined to 2.2% from 2.3% in the year-earlier period.

Total revenue fell 26.4% on an annual basis to $4.47 billion from $6.07 billion, and total operating expenses declined 27.7% year over year to $4.15 billion from $5.75 billion.

Reported net income declined 7.0% on an annual basis to $142.8 million, or 11 cents per share, from $153.5 million, or 12 cents per share.