Imperial Oil profit slumps to 647million in third quarter well below analyst

CALGARY — Imperial Oil Ltd. (TSX:IMO) on Thursday reported third-quarter results that were well below analyst estimates. The Calgary-based company had $647 million of net income, or 76 cents per share in the third quarter, down from $1.04 billion or $1.22 a year earlier.Total revenue was $8.6 billion, up from $8.3 billion a year earlier, but less than the estimate of $9.5 billion.Net income was 22 cents below an estimate of 98 cents per share compiled by Thomson Reuters.

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