Devon Energy: 4Q Earnings Snapshot
Share
Tweet
February 19, 2020
OKLAHOMA CITY (AP) _ Devon Energy Corp. (DVN) on Tuesday reported a fourth-quarter loss of $642 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Oklahoma City-based company said it had a loss of $1.70. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 33 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The oil and gas exploration company posted revenue of $1.59 billion in the p...
For access to this article please
sign in or
subscribe.
Reader Comments(0)