Devon Energy: Q2 Earnings Snapshot

OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Devon Energy Corp. (DVN) on Tuesday reported second-quarter net income of $690 million.

The Oklahoma City-based company said it had net income of $1.07 per share. Earnings, adjusted for non-recurring costs, were $1.18 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.

The oil and gas exploration company posted revenue of $3.45 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $3.81 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