Investing.com - Pakistan Petroleum reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Pakistan Petroleum announced earnings per share of ₨1.04 on revenue of ₨62.30B. Analysts polled by Investing.com anticipated EPS of ₨5.13 on revenue of ₨59.19B.
Pakistan Petroleum shares are down 42.46% from the beginning of the year and are trading at ₨61.20 , down-from-52-week-high.
Pakistan Petroleum follows other major Energy sector earnings this month
Pakistan Petroleum's report follows an earnings missed by Oil and Gas Development Co on September 22, who reported EPS of ₨5.06 on revenue of ₨95.2B, compared to forecasts EPS of ₨6.39 on revenue of ₨101.76B.
Mari Petroleum Company had missed expectations on August 31 with fourth quarter EPS of ₨42.01 on revenue of ₨27.52B, compared to forecast for EPS of ₨45.65 on revenue of ₨28.29B.
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