ConocoPhillips Q2 Profit Decreases, but beats estimates

(RTTNews) - ConocoPhillips (COP) reported a profit for second quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $2.23 billion, or $1.84 per share. This compares with $5.15 billion, or $3.96 per share, in last year's second quarter.

Excluding items, ConocoPhillips reported adjusted earnings of $2.23 billion or $1.84 per share for the period.

Analysts on average had expected the company to earn $1.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

ConocoPhillips earnings at a glance (GAAP) :

-Earnings (Q2): $2.23 Bln. vs. $5.15 Bln. last year. -EPS (Q2): $1.84 vs. $3.96 last year. -Analyst Estimates: $1.77