Marathon Oil Q2 2024 Adj EPS $0.63 Misses $0.69 Estimate, Sales $1.71B Beat $1.69B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marathon Oil (NYSE:MRO) reported Q2 2024 earnings per share of $0.63, missing the analyst estimate of $0.69 by 8.7%. However, the company reported sales of $1.71 billion, beating the estimate of $1.69 billion and marking a 12.82% increase from the same period last year.
August 07, 2024 | 8:32 pm
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NEUTRAL IMPACT
Marathon Oil's Q2 2024 earnings per share missed estimates, but sales exceeded expectations and increased significantly year-over-year.
The mixed results, with EPS missing but sales beating estimates and showing strong year-over-year growth, suggest a neutral short-term impact on the stock price. Investors may weigh the earnings miss against the positive sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100