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 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