Marathon Oil Q2 Adj EPS $0.48, Inline, Sales $1.51B Miss $1.55B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marathon Oil reported Q2 adjusted earnings of $0.48 per share, in line with analyst estimates. However, the company's sales of $1.51 billion missed the consensus estimate of $1.55 billion. This represents a 63.64% decrease in earnings and a 34.30% decrease in sales compared to the same period last year.
August 04, 2023 | 12:12 pm
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Marathon Oil's Q2 earnings were in line with expectations, but sales missed estimates and both figures were significantly lower than last year.
Marathon Oil's earnings met expectations, which is positive. However, the miss on sales and the significant decrease in both earnings and sales compared to last year are negative indicators. This could lead to a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100