Devon Energy's Q3 Earnings and Revenues Beat Estimates

Devon Energy Corp. (DVN) reported third-quarter 2024 earnings per share (EPS) of $2.51, outpacing the Zacks Consensus Estimate of$2.47 by 1.6%.GAAP earnings per share in the reported quarter were $1.30 compared with$1.34 in the year-ago quarter. The difference between GAAP and operating earnings in the third quarter was due to an impact of 20 cents from fair value changes in financial instruments, 1 cent from deferred tax asset valuation allowance, and 1 cent from restructuring and transaction costs.Stay ...