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OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Devon Energy Corp. (DVN) on Tuesday reported third-quarter net income of $812 million.
On a per-share basis, the Oklahoma City-based company said it had profit of $1.30. Earnings, adjusted for non-recurring gains, came to $1.10 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The oil and gas exploration company posted revenue of $4.02 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $3.75 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DVN at https://www.zacks.com/ap/DVN