01.11.2023 21:38:34 - dpa-AFX: Marathon Oil Corp. Q3 Profit Decreases, but beats estimates

WASHINGTON (dpa-AFX) - Marathon Oil Corp. (MRO) revealed a profit for third
quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $453 million, or $0.75 per share. This
compares with $817 million, or $1.22 per share, in last year's third quarter.

Excluding items, Marathon Oil Corp. reported adjusted earnings of $466 million
or $0.77 per share for the period.

Analysts on average had expected the company to earn $0.71 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 19.6% to $1.81 billion from $2.25
billion last year.

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

-Earnings (Q3): $453 Mln. vs. $817 Mln. last year.
-EPS (Q3): $0.75 vs. $1.22 last year.
-Analyst Estimates: $0.71
-Revenue (Q3): $1.81 Bln vs. $2.25 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
MARATHON OIL DL 1 852789 Frankfurt 25,170 10.05.24 08:00:15 +0,270 +1,08% 0,000 0,000 25,170 25,170

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