Venture Global gains on forecast raise, core profit beat
VG•Venture Global raised its full-year adjusted core profit forecast to $10 billion-$10.3 billion from $8.7 billion-$9.1 billion. Third-quarter adjusted core profit was $2.6 billion, above the $2.5 billion analyst estimate.
1. Higher forecast
Venture Global raised its full-year adjusted core profit forecast to between $10 billion and $10.3 billion, from its earlier range of $8.7 billion to $9.1 billion. Analysts had estimated $9.2 billion.
2. Quarterly results
The company's third-quarter adjusted core profit was $2.6 billion, beating the $2.5 billion estimate. Shares rose 8.2% in premarket trading; they were up 73% year to date as of the previous close.
