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Devon Energy Corp  (DVN)
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    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 



EARNINGS REPORT by CSIMarket

Impairment charge hurt First quarter profits

Devon Energy Corp profitable in most recent fiscal period despite impairment charges of $189 million

For the most recent fiscal period Devon Energy Corp turn a round of $0.32 per share compare to $-4.82 a year ago and EPS turn positive from $-0.27 per share from the previous quarter.

Sales declined in double digits by -15.57 % to $1.76 billions from $2.09 billions in the same quarter a year ago and sequentially Sales surged by 37.66 % from $1.28 billions.



Company achieved net income of $216.000 millions in the most recent fiscal period an improvement versus a net loss of $-1,815.000 millions in the same quarter a year ago.

The company's bottom-line growth was helped by $248 million tax benefit, without it, the most recent fiscal period results would be much more moderate.

Company earnings were squeezed by $189 million asset impairment, other weise Devon Energy Corp would achieve higher net margin in the most recent fiscal period. Devon Energy Corp also emphasized it's improving profit margins, where net margin rose to 12.26% in most recent fiscal period, and operating margin edged up to 28.66%.


Devon Energy Corp is expected to report next financial results on February 16, 2022.


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Devon Energy Corp profitable in most recent fiscal period despite impairment charges of $189 million

Devon Energy Corp profitable in most recent fiscal period despite impairment charges of $189 million

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Despite Topline Growth Company Lost Money

Sales growth of 9.79% year on year to $106.17 millions in the most recent fiscal period were not enough to reach break even, company posted loss per share of $-0.01.

compared to previous quarter eps fell from $0.35 per share and Sales surged by 31.76 % from $80.58 millions.

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EPS Fell while Sales Jumped

Tyler Technologies Inc announced earnings per share of $0.61 and Sales of $294.80 millions in the most recent fiscal period, Company's earnings per share plummeted by -53.08% per share, versus $1.30 eps, earned in the same quarter a year ago, although Tyler Technologies Inc saw its Sales rise by 49.06% in the same period.

In the previous quarter company realized Sales of $294.80 millions and $0.88 per share.

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Impressive Income Growth, Sales are Up

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Sterling Construction Company Inc reported moderate Sales growth of 0.41% to $401.67 millions in the second quarter of 2021, income increased by 6.15 % to $0.69 year on year.

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Decline in Earnings while Sales Grew

Sales growth of 0.4%, could not prevent income contraction of -16.28% in the financial second quarter of 2021, compared to same quarter a year ago. Sales were at $257.42 millions and eps at $0.36.

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Other DVN's Earnings Reports

Devon Energy reported fourth quarter 2020 earnings

Devon Energy reported third quarter 2020 earnings

Devon Energy reported second quarter 2020 earnings

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