Marathon Petroleum Q2 EPS $5.32 Beats $4.55 Estimate, Sales $36.82B Beat $31.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marathon Petroleum reported Q2 earnings of $5.32 per share, beating the analyst consensus estimate of $4.55 by 16.92%. However, this is a 49.86% decrease from the same period last year. The company also reported quarterly sales of $36.82 billion, beating the estimate of $31.02 billion by 18.70%, but this is a 32.11% decrease from last year.
August 01, 2023 | 10:48 am
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NEUTRAL IMPACT
Marathon Petroleum's Q2 earnings and sales exceeded estimates, but both are down compared to the same period last year.
While Marathon Petroleum beat estimates for Q2, the decrease in earnings and sales compared to the same period last year could potentially offset any positive impact from beating estimates. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100