Earning Plays

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Devon Energy Q4 Earnings Climb 126%
Devon Energy (DVN) on Wednesday reported fourth quarter net earnings that rose 126% to $1.3 billion from $0.58 billion in the prior year quarter.

Net earnings applicable to common shareholders grew to $1.31 billion or $2.92 per share from $0.57 billion or $1.29 per share in the year-ago period.

On average, 26 analysts polled by First Call/Thomson Financial expected the company to report earnings of $1.92 per share.

Revenues for the quarter rose to $3.20 billion from $2.42 billion in the preceding year period. Ten Wall Street analysts expected revenues of $2.96 billion.
http://www.rttnews.com/sp/Quickfactsnew.asp?date=02/06/2008&item=51