Investing.com - Devon Energy (NYSE:DVN) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Devon Energy announced earnings per share of $0.00 on revenue of $1.28B. Analysts polled by Investing.com anticipated EPS of $0.0343 on revenue of $1.23B.
Devon Energy shares are up 32% from the beginning of the year and are trading at $21.12 , down-from-52-week-high.They are outperforming the S&P 500 which is up 4.67% from the start of the year.
Devon Energy shares gained 1.10% in after-hours trade after the report.
Devon Energy follows other major Energy sector earnings this month
Devon Energy's report follows an earnings beat by Exxon Mobil on Tuesday, February 2, 2021, who reported EPS of $0.03 on revenue of $46.54B, compared to forecasts EPS of $0.0078 on revenue of $46.55B.
Chevron had missed expectations on Friday, January 29, 2021 with fourth quarter EPS of $-0.01 on revenue of $25.25B, compared to forecast for EPS of $0.0918 on revenue of $25.82B.
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