Encana’s Profits Increased ~50% in 1Q18
Encana (ECA) announced its 1Q18 earnings on May 1 before the market opened. According to Encana’s press release, the company reported a better-than-expected profit of ~$156 million in 1Q18. Wall Street analysts expected a lower profit of ~$136 million. On a year-over-year basis, Encana’s profit increased ~50% from its profit of ~$104 million in 1Q17. Sequentially and excluding one-time items, Encana’s profit increased ~37% compared to its profit of ~$114 million in 4Q17.