Investing.com - ENGlobal reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
ENGlobal announced earnings per share of $-0.070 on revenue of $13.06M. Analysts polled by Investing.com anticipated EPS of $-0.030 on revenue of $12.07M.
ENGlobal shares are down 41.36% from the beginning of the year and are trading at $0.980 , down-from-52-week-high.
ENGlobal shares lost 10.91% in intra-day trade the report.
ENGlobal follows other major Energy sector earnings this month
ENGlobal's report follows an earnings beat by Exxon Mobil on October 28, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on October 28 with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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