NYSE:SUNOil and Gas
Sunoco (SUN): Net Margin Drops to 1.3%, Challenging Bulls on Quality Despite Earnings Growth Forecast
Sunoco (SUN) posted a mixed set of numbers in its latest earnings, with revenue forecast to grow at 4.1% per year, trailing the broader US market's 10.5% per year pace. Earnings are expected to rise at 19.76% per year, pushing ahead of the US average of 16%. Results for the last twelve months were hit by a one-off loss of $126.0 million, and net profit margins dropped to 1.3% from 3.3% a year ago. Investors will focus on whether robust earnings growth forecasts and shares trading below fair...