Denbury Resources Inc. Q2 Profit Declines 38%

(RTTNews) - Denbury Resources Inc. (DNR) released earnings for second quarter that fell from last year.

The company said its profit dropped to $29 million, or $0.08 per share. This was lower than $47 million, or $0.13 per share, in last year's second quarter.

Analysts had expected the company to earn $0.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 38.8% to $305 million. This was down from $498 million last year.

Denbury Resources Inc. earnings at a glance:

-Earnings (Q2): $29 Mln. vs. $47 Mln. last year. -Earnings Decline (Y-o-Y): -38.3% -EPS (Q2): $0.08 vs. $0.13 last year. -EPS Decline (Y-o-Y): -38.5% -Analysts Estimate: $0.02 -Revenue (Q2): $305 Mln vs. $498 Mln last year. -Revenue Change (Y-o-Y): -38.8%