Devon Energy (DVN) Q4 Earnings & Revenues Surpass Estimates

Devon Energy Corp. (DVN) reported fourth-quarter 2023 earnings per share (EPS) of $1.41, outpacing the Zacks Consensus Estimate of $1.39 by 1.4%. The bottom line, however, declined 15.1% year over year.In 2023, EPS was $5.71, declining 31.3% from $8.31 in 2022.RevenuesTotal revenues for the quarter were $4.1 billion, which surpassed the Zacks Consensus Estimate of $3.87 billion by 5.9%.However, the top line decreased by 3.6% from the year-ago quarter’s figure. Despite year-over-year improvements in producti ...