Investing.com - Devon Energy (NYSE:DVN) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Devon Energy announced earnings per share of $0.45 on revenue of $1.76B. Analysts polled by Investing.com anticipated EPS of $0.3305 on revenue of $2.19B.
Devon Energy shares are up 48% from the beginning of the year and are trading at $23.46 , down-from-52-week-high.They are outperforming the S&P 500 which is up 10.86% from the start of the year.
Devon Energy follows other major Energy sector earnings this month
Devon Energy's report follows an earnings beat by Exxon Mobil on Friday, who reported EPS of $0.65 on revenue of $59.15B, compared to forecasts EPS of $0.5989 on revenue of $56.38B.
Chevron had beat expectations on Friday with first quarter EPS of $0.9 on revenue of $32.03B, compared to forecast for EPS of $0.8875 on revenue of $32.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar