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Devon Energy Misses Q2 2018 EPS and Revenues Estimates

Nicholas Chapman
Updated
Devon Energy Misses Q2 2018 EPS and Revenues Estimates

Devon Energy (DVN) announced its Q2 2018 earnings yesterday after the market closed. It missed adjusted EPS estimates by $0.02 in Q2 2018. DVN reported an adjusted profit of $0.34 per share, whereas the Wall Street analyst consensus was for a profit of $0.36 per share. On a year-over-year basis, Devon Energy’s Q2 2018 adjusted EPS are the same as the Q2 2017 adjusted EPS of $0.34. Sequentially, DVN’s Q2 2018 adjusted EPS are higher than the $0.20 in Q1 2018.

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