Devon Energy Q2 EPS $1.18 Beats $1.17 Estimate
Portfolio Pulse from Benzinga Newsdesk
Devon Energy reported Q2 earnings of $1.18 per share, beating the analyst consensus estimate of $1.17 by 0.85 percent. However, this represents a 54.44 percent decrease from the same period last year.
August 04, 2023 | 10:20 am
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Devon Energy's Q2 earnings exceeded analyst expectations but are significantly lower than last year's earnings.
While Devon Energy beat the consensus estimate, the significant year-over-year decrease in earnings could have a mixed impact on the stock. Investors may be pleased with the beat but concerned about the decrease.
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