Devon Energy Corp. Reports 76% Retreat In Q3 Earnings

(RTTNews) - Devon Energy Corp. (DVN) reported earnings for third quarter that decreased compared to the same period last year.

The company said its profit declined to $242 million, or $0.46 per share. This was down from $993 million, or $1.89 per share, in last year's third quarter.

The company said revenue for the quarter fell 25.3% to $3.16 billion. This was down from $4.23 billion last year.

Devon Energy Corp. earnings at a glance:

-Earnings (Q3): $242 Mln. vs. $993 Mln. last year. -Earnings Decline (Y-o-Y): -75.6% -EPS (Q3): $0.46 vs. $1.89 last year. -EPS Decline (Y-o-Y): -75.7% -Revenue (Q3): $3.16 Bln vs. $4.23 Bln last year. -Revenue Change (Y-o-Y): -25.3%