OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Devon Energy Corp. (DVN) on Tuesday reported second-quarter profit of $844 million.
On a per-share basis, the Oklahoma City-based company said it had profit of $1.34. Earnings, adjusted for non-recurring costs, were $1.41 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The oil and gas exploration company posted revenue of $3.92 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $3.87 billion.
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