Marathon Oil Corp. Q4 Profit Decreases, but beats estimates

(RTTNews) - Marathon Oil Corp. (MRO) reported earnings for fourth quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $397 million, or $0.68 per share. This compares with $525 million, or $0.82 per share, in last year's fourth quarter.

Excluding items, Marathon Oil Corp. reported adjusted earnings of $406 million or $0.69 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 2.3% to $1.69 billion from $1.73 billion last year.

Marathon Oil Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $397 Mln. vs. $525 Mln. last year. -EPS (Q4): $0.68 vs. $0.82 last year. -Analyst Estimates: $0.63 -Revenue (Q4): $1.69 Bln vs. $1.73 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.