Devon Energy Corp. Reveals Drop In Q1 Profit

Devon Energy Corp. (DVN) reported earnings for first quarter that decreased from the same period last year

The company's bottom line came in at $494 million, or $0.77 per share. This compares with $596 million, or $0.94 per share, last year.

Excluding items, Devon Energy Corp. reported adjusted earnings of $779 million or $1.21 per share for the period.

The company's revenue for the period rose 23.8% to $4.452 billion from $3.596 billion last year.

Devon Energy Corp. earnings at a glance (GAAP) :

-Earnings: $494 Mln. vs. $596 Mln. last year.
-EPS: $0.77 vs. $0.94 last year.
-Revenue: $4.452 Bln vs. $3.596 Bln last year.

by RTTNews Staff Writer

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