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Devon Energy: Q2 Earnings Snapshot
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OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Devon Energy Corp. (DVN) on Tuesday reported second-quarter profit of $1.91 billion.

The Oklahoma City-based company said it had net income of $2.03 per share. Earnings, adjusted for non-recurring gains, were $1.57 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The oil and gas exploration company posted revenue of $7.42 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $6.3 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DVN at https://www.zacks.com/ap/DVN

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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