StatoilHydro Q3 pretax beats consensus on currency gains |
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Mon, 29 Oct 2007 08:14
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OSLO (Thomson Financial) - StatoilHydro ASA posted third quarter pretax profits ahead of expectations, after benefiting from currency gains and other financial items, but at the operating level, profits missed consensus estimates on lower downstream results.For the third quarter the Norwegian oil giant posted pretax profits of 29.919 bln nkr, up from 27.844 bln last year, and ahead of the 29.097 bln consensus forecast of analysts polled by TDN Finans.At the operating level, however, profits came in at 24.383 bln nkr, down from 30.168 bln last year and below the 26.580 bln consensus forecast.Sales, meanwhile, rose to 109.482 bln nkr from last year's 108.191 bln, but fell below the 110.144 bln figure penciled in by analysts.Average daily oil and gas production during the third quarter came in at 1.056 mln barrels of oil equivalent, down from 1.076 mln at the same point last year.alastair.reed@thomson.comar/rfwCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Tandberg Q3 pretax profit 33 mln usd, up yr-on-yr but short of consensus 