Cenovus Energy Q3 Earnings Miss Estimates on Lower Production

Cenovus Energy Inc. (CVE) reported third-quarter 2024 adjusted earnings per share of 31 cents, which missed the Zacks Consensus Estimate of 34 cents. The bottom line also declined from the year-ago figure of 72 cents.Total quarterly revenues of $10.45 billion topped the Zacks Consensus Estimate of$10.13 billion. The top line, however, decreased from the year-ago level of $10.87 billion.Weak quarterly earnings can be primarily attributed to a decline in contribution from the Oil Sands and U.S. Manufacturing ...