Investing.com - Devon Energy (NYSE:DVN) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Devon Energy announced earnings per share of $0.06 on revenue of $2.09B. Analysts polled by Investing.com anticipated EPS of $-0.24 on revenue of $1.13B. That with comparison to EPS of $0.36 on revenue of $1.5B in the same period a year before.Devon Energy had reported EPS of $0.33 on revenue of $1.59B in the previous quarter.Analysts are expecting EPS of $-0.39 and revenue of $982.65M in the upcoming quarter.
Devon Energy shares are down 56% from the beginning of the year and are trading at $11.76 , down-from-52-week-high.They are under-performing the S&P 500 which is down 11.6% year to date.
Devon Energy shares gained 5.19% in after-hours trade the report.
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 $0.53 on revenue of $56.16B, compared to forecasts EPS of $0.01 on revenue of $53.53B.
Chevron had beat expectations on Friday with first quarter EPS of $1.29 on revenue of $31.5B, compared to forecast for EPS of $0.65 on revenue of $29.14B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar