OTTAWA (dpa-AFX) - Enerplus Corporation (ERF.TO) reported a profit for first
quarter that decreased from last year and missed the Street estimates.

The company's bottom line came in at $66.14 million, or $0.32 per share. This
compares with $137.49 million, or $0.62 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.33 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 18.6% to $359.26 million from $441.15
million last year.

Enerplus Corporation earnings at a glance (GAAP) :

-Earnings (Q1): $66.14 Mln. vs. $137.49 Mln. last year.
-EPS (Q1): $0.32 vs. $0.62 last year.
-Revenue (Q1): $359.26 Mln vs. $441.15 Mln last year.


Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX