Eni Beats Profit Estimates After Crude Prices Rise
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Eni SpA, Italy’s largest oil and natural gas company, said third-quarter profit gained 48 percent, beating analysts’ estimates, as crude prices rose.
Adjusted net income increased to 1.70 billion euros ($2.35 billion) from 1.15 billion euros a year earlier, the Rome-based company said today, surpassing the 1.34 billion-euro average estimate in a Bloomberg survey of 16 analysts.