Devon Energy Corp. Reports Decline In Q4 Bottom Line

(RTTNews) - Devon Energy Corp. (DVN) reported earnings for fourth quarter that fell from last year.

The company said its earnings dropped to $183 million, or $0.35 per share. This was down from $207 million, or $0.41 per share, in last year's fourth quarter.

The company said revenue for the quarter rose 41.6% to $3.98 billion. This was up from $2.81 billion last year.

Devon Energy Corp. earnings at a glance:

-Earnings (Q4): $183 Mln. vs. $207 Mln. last year. -Earnings Decline (Y-o-Y): -11.6% -EPS (Q4): $0.35 vs. $0.41 last year. -EPS Decline (Y-o-Y): -14.6% -Revenue (Q4): $3.98 Bln vs. $2.81 Bln last year. -Revenue Change (Y-o-Y): 41.6%