Devon Energy misses by $0.23, beats on revs
* Reports Q4 (Dec) core earnings of $0.83 per share, $0.23 worse than the Capital IQ Consensus Estimate of $1.06;
* revenues rose 128.5% year/year to $6 bln vs the $4.36 bln consensus.
"... Even with reduced E&P capital investment in 2015, the company's production growth outlook remains unchanged. With significant improvements in completion design and a capital program focused on development drilling, Devon expects to deliver oil production growth of 20-25 percent year over year on a retained property basis. This production outlook is driven by balanced oil growth in both the U.S. and Canada."