Marathon Petroleum Q1 2024 Adj EPS $2.78 Beats $2.42 Estimate, Sales $33.210B Beat $32.011B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marathon Petroleum (MPC) reported Q1 2024 adjusted EPS of $2.78, surpassing the $2.42 estimate, with sales of $33.210B also beating the $32.011B estimate. Despite these beats, both earnings and sales saw decreases from the previous year.
April 30, 2024 | 10:41 am
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POSITIVE IMPACT
Marathon Petroleum beats Q1 2024 EPS and sales estimates, with a notable decrease in earnings and sales compared to last year.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term stock price increase. However, the year-over-year decline in earnings and sales might temper some of the positive impact, as it indicates a decrease in profitability and revenue compared to the previous year.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100