Movement Alert｜Equinor ASA Falls 3.23% in Pre-Market Trading, Q3 Adjusted EPS Miss Weighs on Shares

Market Focus10-29 16:59

On October 29, Equinor ASA fell 3.23% in Pre-Market Trading, trading at $46.12/share, with turnover of $2.4494 million.

The move followed the company’s latest quarterly results, where third-quarter adjusted earnings came in at $1.20 per share, below market expectations ranging from $1.30 to $1.39, while revenue of $32.94 billion also modestly trailed consensus.

Although the quarter improved markedly from a year earlier, net profit reached $2.54 billion and equity production rose 2% year over year to 2.166 million barrels of oil equivalent per day. Equinor maintained its full-year oil and gas production growth guidance at 4%, declared a cash dividend of $0.39 per share, and launched a new share buyback program of up to $1.125 billion, but the earnings shortfall appears to have been the direct trigger for the pre-market weakness.

(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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