Marathon Petroleum Q2 2024 Adj. EPS $4.12 Beats $3.09 Estimate, Sales $38.360B Beat $35.083B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marathon Petroleum (NYSE:MPC) reported Q2 2024 adjusted EPS of $4.12, beating the $3.09 estimate. Sales were $38.360 billion, surpassing the $35.083 billion estimate. Despite a 22.56% decrease in EPS from last year, sales increased by 4.17%.
August 06, 2024 | 10:42 am
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Marathon Petroleum (NYSE:MPC) reported Q2 2024 adjusted EPS of $4.12, beating the $3.09 estimate. Sales were $38.360 billion, surpassing the $35.083 billion estimate. Despite a 22.56% decrease in EPS from last year, sales increased by 4.17%.
Marathon Petroleum's Q2 2024 earnings and sales both exceeded analyst estimates, which is likely to have a positive short-term impact on the stock price. The significant beat on EPS and sales figures, despite a year-over-year decrease in EPS, indicates strong operational performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100