Devon Energy beats fourth-quarter profit estimate on higher production

Reuters

02-19

Devon Energy beats fourth-quarter profit estimate on higher production

Feb 18 (Reuters) - Oil and gas firm Devon Energy DVN.N beat analysts' estimate for fourth-quarter profit on Tuesday, as higher production helped counter the impact from lower prices.

The company posted an adjusted profit of $1.16 per share for the quarter ended December 31, compared with analysts' average estimate of $1 per share, according to data compiled by LSEG.

(Reporting by Seher Dareen in Bengaluru; Editing by Shilpi Majumdar)

((Seher.Dareen@thomsonreuters.com; If in India call +91 74832 70128;))

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