Equinor Reports Q3 Non-GAAP EPS and Revenue Misses Despite Year-over-Year Growth
Equinor (EQNR) reported third-quarter financial results that fell short of market expectations. The company's Non-GAAP earnings per share (EPS) reached $1.20, missing estimates by $0.15, while total revenue of $33.19 billion missed consensus forecasts by approximately $960 million. Despite the misses relative to analyst projections, Equinor saw significant year-over-year growth, with revenue increasing by 27.4%. The company reported cash flow from operations after taxes paid at $8.14 billion and organic capital expenditure of $3.28 billion for the period.
Tickers: $EQNR
Topics: capital expenditure cash flow earnings miss revenue miss