Investing.com - Devon Energy (NYSE:DVN) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Devon Energy announced earnings per share of $-0.18 on revenue of $394M. Analysts polled by Investing.com anticipated EPS of $-0.27 on revenue of $1.09B.
Devon Energy shares are down 57% from the beginning of the year and are trading at $11.03 , down-from-52-week-high.They are under-performing the S&P 500 which is up 2.35% from the start of the year.
Devon Energy shares lost 0.63% in after-hours trade following the report.
Devon Energy follows other major Energy sector earnings this month
Devon Energy's report follows an earnings missed by Exxon Mobil on Friday, who reported EPS of $-0.7 on revenue of $32.61B, compared to forecasts EPS of $-0.61 on revenue of $38.16B.
Chevron had missed expectations on Friday with second quarter EPS of $-1.59 on revenue of $13.49B, compared to forecast for EPS of $-0.93 on revenue of $21.87B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar