Marathon Oil Q1 2024 Adj EPS $0.55 Beats $0.54 Estimate, Sales $1.551B Miss $1.566B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marathon Oil (NYSE:MRO) reported Q1 2024 adjusted earnings of $0.55 per share, surpassing the $0.54 estimate, but saw a 17.91% decrease from the previous year. Sales of $1.551B missed the $1.566B estimate, marking a 7.68% year-over-year decline.
May 01, 2024 | 8:32 pm
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NEUTRAL IMPACT
Marathon Oil reported a mixed Q1 2024 with earnings beating estimates but sales missing expectations and showing a decline from the previous year.
The mixed results with an earnings beat but a miss on sales and a year-over-year decline in both metrics could lead to neutral market sentiment. Investors might appreciate the earnings beat, but concerns over declining sales and earnings compared to the previous year could temper any positive reaction.
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