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Thursday, Nov 1
2012, 4:40 PM
Imperial Oil (IMO +4.1%) rose today after reporting Q3 profit and sales that exceeded...
Imperial Oil (IMO +4.1%) rose today after reporting Q3 profit and sales that exceeded analysts’ estimates on strong refining unit earnings. Net income jumped 21% to $1.04B, or $1.22/share, from $859M, or $1.01, a year earlier; sales rose 4.9% to $8.34B. Q3 was “stronger than expected,” BMO Capital says, with per-share refining results more than twice the firm's forecast.