Nov 5, 2024, 11:11 AM
Nov 5, 2024, 11:11 AM
Devon Energy's Earnings Decline Sparks Analyst Concerns
Provocative
- Devon Energy will release third-quarter earnings after the market closes on November 5.
- Analysts expect a decline in earnings per share from the previous year's $1.65 to $1.09.
- The company's recent acquisition of Grayson Mill Energy indicates its ongoing strategies despite market challenges.
On November 5, 2024, Devon Energy Corporation will announce its third-quarter earnings results. Analysts predict the company will report earnings of $1.09 per share, a noticeable drop from the $1.65 reported the same quarter last year. Revenue expectations are set at approximately $3.74 billion for this quarter. Recently, on September 27, Devon Energy completed its acquisition of Grayson Mill Energy. This strategic move comes as the company navigates fluctuating market conditions that have affected its performance.
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