Movement Alert｜Enbridge Intraday Decline 3.18% in Regular Trading, Q3 US-Dollar EPS Misses Expectations

Market Focus11-06

On November 6, Enbridge fell 3.18% in Regular Trading, trading at $46.76/share, with turnover of $31.14 million.

The clearest catalyst was its latest quarterly report: adjusted earnings were reported at $0.35 per share on a US-dollar basis, below the $0.36 analyst consensus, even though this was up from $0.33 a year earlier.

Other disclosed figures were stronger on a Canadian-dollar basis, with adjusted EPS of CA$0.49 versus CA$0.48 expected and total operating revenue of CA$20.08 billion versus CA$13.71 billion expected, up from CA$14.64 billion a year earlier. Even so, the intraday weakness suggests the slight US-dollar EPS miss was the more immediate factor weighing on the shares.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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