Devon Energy (DVN) Tops Q3 EPS by 24c

Devon Energy (NYSE: DVN) reported Q3 EPS of $0.76, $0.24 better than the analyst estimate of $0.52.

Devon Raises Full-Year Production Outlook

Based on strong operating results year to date, Devon has raised its 2015 oil production guidance by 2 percent to a mid-point of 276,000 barrels per day. This marks the second time in 2015 the Company has increased its oil production outlook. Total oil production growth in 2015 is now expected to range from 31 to 33 percent. Due to the improving outlook for oil production, the Company has also raised its top-line production growth guidance for 2015 to a range of 8 to 10 percent.

For earnings history and earnings-related data on Devon Energy (DVN) click here.

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