Denbury Resources Inc. Reveals 31% Decline In Q3 Bottom Line

(RTTNews) - 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%