Canada's Imperial Oil beats third-quarter profit estimates
IMO•Imperial Oil reported third-quarter net income of C$2.45 billion, or C$5.11 per share, beating analysts’ average estimate of C$4.70 per share. The company cited higher commodity prices and strong downstream margins.
1. Quarterly results
Imperial Oil’s net income rose to C$2.45 billion, or C$5.11 per share, for the quarter ended September 30. Analysts’ average estimate was C$4.70 per share. The company said higher commodity prices and strong downstream margins drove the results.
