OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Devon Energy Corp. (DVN) on Tuesday reported fourth-quarter profit of $639 million.
On a per-share basis, the Oklahoma City-based company said it had net income of 98 cents. Earnings, adjusted for non-recurring costs, were $1.16 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1 per share.
The oil and gas exploration company posted revenue of $4.4 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $4.24 billion.
For the year, the company reported profit of $2.89 billion, or $4.56 per share. Revenue was reported as $15.94 billion.
_____
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
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。