Denbury Resources Inc. (DNR) revealed a profit for third quarter that fell from last year.
The company said its bottom line declined to $63 million, or $0.18 per share. This was lower than $91 million, or $0.26 per share, in last year's third quarter.
Analysts had expected the company to earn $0.13 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 52.4% to $303.60 million. This was down from $637.66 million last year.
Denbury Resources Inc. earnings at a glance:
-Earnings (Q3): $63 Mln. vs. $91 Mln. last year.
-Earnings Decline (Y-o-Y): -30.8%
-EPS (Q3): $0.18 vs. $0.26 last year.
-EPS Decline (Y-o-Y): -30.8%
-Analysts Estimate: $0.13
-Revenue (Q3): $303.60 Mln vs. $637.66 Mln last year.
-Revenue Change (Y-o-Y): -52.4%
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