02.05.2024 12:13:31 - dpa-AFX: Murphy Oil Q1 Profit Decreases, but beats estimates
WASHINGTON (dpa-AFX) - Murphy Oil (MUR) revealed a profit for first quarter
that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $90.00 million, or $0.59 per share. This
compares with $191.64 million, or $1.22 per share, in last year's first quarter.
Excluding items, Murphy Oil reported adjusted earnings of $130.8 million or
$0.85 per share for the period.
Analysts on average had expected the company to earn $0.82 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 5.4% to $796.41 million from $841.72
million last year.
Murphy Oil earnings at a glance (GAAP) :
-Earnings (Q1): $90.00 Mln. vs. $191.64 Mln. last year.
-EPS (Q1): $0.59 vs. $1.22 last year.
-Revenue (Q1): $796.41 Mln vs. $841.72 Mln last year.
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