October 24, 2019 / 4:53 AM / a month ago

Equinor Q3 hit by low gas sales, lags forecast

OSLO, Oct 24 (Reuters) - Norway’s Equinor reported a bigger-than-expected drop in third-quarter profits on Thursday, weighed down by a significant decline in the volume and price of natural gas sold to Europe.

Adjusted earnings before interest and tax (EBIT) fell to $2.59 billion in the third quarter from $4.84 billion during the same period of 2018, lagging a forecast of $2.69 billion in a poll of 23 analysts collected by Equinor. (Reporting by Nerijus Adomaitis, editing by Terje Solsvik)

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