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Devon posts quarterly earnings of $429 million

Devon Energy Corp. has bounced back from last year’s net loss in the third quarter to post earnings of $429 million, or $1.05 a share.

BY JAY F. MARKS Published: November 7, 2013
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The third quarter was a mixed bag for Devon Energy Corp.

The Oklahoma City-based oil and natural gas producer logged adjusted earnings of $526 million, or $1.20 a share, to beat analysts’ estimates by 9 cents a share, but its revenue was about $40 million lower than predicted at $2.72 billion.

“Devon delivered...

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