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Enbridge posts lower Q2 adjusted earnings; currency hedges cause $383 million loss

2015-05-06 15:19:30| Oil & Gas - Topix.net

Enbridge Inc. is reporting a $383 million net loss in the first quarter, mostly as a result of currency fluctations, and lower adjusted earnings that came in below analyst estimates. Analysts had estimated 58 cents per share of adjusted earnings, according to Thomson Reuters, down from $492 million or 60 cents per share in last year's first quarter.

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