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Enbridge misses third-quarter profit estimates

By Thomson Reuters Nov 1, 2024 | 6:09 AM

(Reuters) – Pipeline operator Enbridge missed market estimates for third-quarter profit on Friday, hurt by lower renewable power generation earnings.

The company posted an adjusted profit of 55 Canadian cents per share for the quarter ended Sept. 30, compared with analysts’ average estimate of 56 Canadian cents, according to data compiled by LSEG.

(Reporting by Tanay Dhumal in Bengaluru; Editing by Shilpi Majumdar)