OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Devon Energy Corp. (DVN) on Tuesday reported fourth-quarter net income of $1.15 billion.
The Oklahoma City-based company said it had net income of $1.81 per share. Earnings, adjusted for non-recurring gains, were $1.41 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The oil and gas exploration company posted revenue of $4.14 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $3.87 billion.
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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