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06.11.2024 22:40:16
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Marathon Oil Corp. Q3 Profit Decreases, But Beats Estimates
(RTTNews) - Marathon Oil Corp. (MRO) released a profit for third quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $287 million, or $0.51 per share. This compares with $453 million, or $0.75 per share, in last year's third quarter.
Excluding items, Marathon Oil Corp. reported adjusted earnings of $360 million or $0.64 per share for the period.
Analysts on average had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 1.2% to $1.791 billion from $1.813 billion last year.
Marathon Oil Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $287 Mln. vs. $453 Mln. last year. -EPS (Q3): $0.51 vs. $0.75 last year. -Revenue (Q3): $1.791 Bln vs. $1.813 Bln last year.
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| Marathon Oil Corp. | 24.24 | -2.65% |
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