Devon Energy Earnings beat, Revenue misses In Q1

  • Investing.com
Devon Energy Earnings beat, Revenue misses In Q1

Investing.com - Devon Energy (NYSE: DVN ) reported on Monday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Devon Energy announced earnings per share of $1.88 on revenue of $3.81B. Analysts polled by Investing.com anticipated EPS of $1.75 on revenue of $4.05B.

Devon Energy shares are up 32% from the beginning of the year and are trading at $59.10 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.79% from the start of the year.

Devon Energy shares gained 1.09% in after-hours trade the report.

Devon Energy follows other major Energy sector earnings this month

Devon Energy's report follows an earnings missed by Exxon Mobil on Friday, who reported EPS of $2.07 on revenue of $90.5B, compared to forecasts EPS of $2.23 on revenue of $82.84B.

Chevron had missed expectations on Friday with first quarter EPS of $3.36 on revenue of $54.37B, compared to forecast for EPS of $3.4 on revenue of $51.14B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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