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OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Devon Energy Corp. (DVN) on Tuesday reported fourth-quarter net income of $1.2 billion.
The Oklahoma City-based company said it had net income of $1.83 per share. Earnings, adjusted for non-recurring gains, came to $1.66 per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.
The oil and gas exploration company posted revenue of $4.3 billion in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $4.65 billion.
For the year, the company reported profit of $6.02 billion, or $9.12 per share. Revenue was reported as $19.17 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a DVN">Zacks stock report on DVN at https://www.zacks.com/ap/DVN