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Devon Energy (DVN) Stock Dives Ahead of Q1 Results

NEW YORK (TheStreet) -- Devon Energy (DVN - Get Report) stock is retreating 4.85% to $34.36 on Friday ahead of the company's 2016 first quarter earnings, set to be released on Tuesday afternoon.

Wall Street is expecting the company to post a loss of 64 cents a share on revenue of $2.57 billion for the recent period.

These results are likely to be much lower than a year ago, when the company earned 22 cents a share on revenue of $3.265 billion.

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