Investing.com - Devon Energy (NYSE:DVN) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Devon Energy announced earnings per share of $-0.07 on revenue of $1.07B. Analysts polled by Investing.com anticipated EPS of $-0.09 on revenue of $1.06B.
Devon Energy shares are down 67% from the beginning of the year and are trading at $8.09 , down-from-52-week-high.They are under-performing the S&P 500 which is up 2.46% from the start of the year.
Devon Energy shares lost 4.15% 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 Royal Dutch Shell B ADR on Thursday, who reported EPS of $0.24 on revenue of $44.02B, compared to forecasts EPS of $0.04 on revenue of $46.36B.
BP ADR had beat expectations on Tuesday with third quarter EPS of $0.03 on revenue of $44.2B, compared to forecast for EPS of $-0.06 on revenue of $41.7B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar