Marathon Oil Q4 2023 Adj EPS $0.69 Beats $0.63 Estimate, Sales $1.69B Beat $1.65B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marathon Oil (NYSE:MRO) reported Q4 2023 adjusted EPS of $0.69, surpassing the $0.63 estimate, with sales of $1.69B also beating the $1.65B estimate. However, this represents a 2.42% decrease in sales compared to the same period last year.
February 21, 2024 | 9:31 pm
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Marathon Oil reported higher than expected Q4 2023 earnings and sales, but experienced a slight decrease in sales year-over-year.
Beating earnings and sales estimates typically has a positive impact on a company's stock price in the short term. However, the slight year-over-year decrease in sales might temper investor enthusiasm slightly.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100