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via finance.yahoo.comMarkets

Devon Energy: Q3 earnings beat expectations, revenue falls short of forecasts

FROM THE WIRE · FINANCE.YAHOO.COM

HOUSTON (AP) — HOUSTON (AP) — Devon Energy Corp. (DVN) on Thursday reported third-quarter profit of $1.01 billion. The Houston-based company said it had profit of 88 cents per share. Earnings, adjusted for non-recurring costs, were $1.42 per share. The results surpassed Wall…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishAdjusted profit beats estimates for an oil and gas producer, but revenue falls short.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Adjusted EPS was $1.42 versus an estimate of $1.24.
  2. 02Revenue was $6.86 billion versus an estimate of $7.33 billion.
  3. 03Net profit for the quarter was $1.01 billion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Devon Energy CorporationDVNStock42.88 USDMarket closedtoday -2.81%Positive Devon Energy CorporationD1VN34.SAStock264.68 BRLMarket closedtoday 0.00%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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