Investing.com - Devon Energy reported on Tuesday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Devon Energy announced earnings per share of $2.18 on revenue of $5.43B. Analysts polled by Investing.com anticipated EPS of $2.18 on revenue of $4.15B.
Devon Energy shares are down 58% from the beginning of the year and are trading at $75.10 , down-from-52-week-high.
Devon Energy shares lost 2.75% 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 $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on Friday with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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