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Continental Resources Q1 Profit Rises

Continental Resources Inc. (CLR) Wednesday reported first-quarter net income of $140.6 million or $0.76 per share, up from $69.1 million or $0.38 per share last year.

Adjusted earnings for the quarter rose to $1.17 per share from $0.76 per share last year. On average, 25 analysts polled by Thomson Reuters expected the company to earn $1.13 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew to $710.2 million from $395.1 million last year. Analysts estimated revenues of $766.49 million for the quarter.

by RTTNews Staff Writer

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