UPDATE: Devon Energy Posts Q3 Profit

Devon Energy

posted a profit in the third quarter. Devon Energy posted a quarterly profit of $429 million, or $1.05 per share, versus a year-ago loss of $719 million, or $1.80 per share. Excluding one-time items, it earned $1.29 per share. Its revenue climbed 46% to $2.72 billion. However, analysts were estimating earnings of $1.20 per share on revenue of $2.76 billion. Devon Energy shares gained 0.16% to $63.89 in pre-market trading.