Devon Energy (NYSE: DVN) reported earnings on Nov. 7. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Devon Energy whiffed on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share dropped to a loss.

Margins contracted across the board.

Revenue details
Devon Energy reported revenue of $1.87 billion. The four analysts polled by S&P Capital IQ expected revenue of $2.32 billion on the same basis. GAAP reported sales were 33% lower than the prior-year quarter's $2.76 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.88. The 24 earnings estimates compiled by S&P Capital IQ forecast $0.69 per share. GAAP EPS were -$1.80 for Q3 versus $2.50 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 55.7%, 850 basis points worse than the prior-year quarter. Operating margin was 3.7%, 5,700 basis points worse than the prior-year quarter. Net margin was -38.6%, 7,620 basis points worse than the prior-year quarter.

Looking ahead

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,140 members out of 2,196 rating the stock outperform, and 56 members rating it underperform. Among 488 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 479 give Devon Energy a green thumbs-up, and nine give it a red thumbs-down.

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