Marathon Oil Q3 EPS $0.77 Beats $0.71 Estimate, Sales $1.81B Beat $1.73B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marathon Oil reported Q3 earnings of $0.77 per share, beating the analyst consensus estimate of $0.71 by 8.45%. However, this is a 37.9% decrease from the same period last year. The company also reported quarterly sales of $1.81 billion, beating the estimate of $1.73 billion by 4.80%, but this is a 19.31% decrease from last year.
November 01, 2023 | 8:41 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Marathon Oil's Q3 earnings and sales beat estimates but are down YoY. This mixed result could lead to uncertain market reactions.
While Marathon Oil beat estimates for both earnings and sales, the YoY decrease in both metrics could be a concern for investors. This could lead to mixed market reactions, making the short-term impact on the stock uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100