Investing.com - Marathon Petroleum (NYSE:MPC) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Marathon Petroleum announced earnings per share of $1.56 on revenue of $31.38B. Analysts polled by Investing.com anticipated EPS of $0.85 on revenue of $34.29B. That with comparison to EPS of $2.41 on revenue of $32.54B in the same period a year before.Marathon Petroleum had reported EPS of $1.63 on revenue of $31.2B in the previous quarter.Analysts are expecting EPS of $0.83 and revenue of $29.99B in the upcoming quarter.
Marathon Petroleum shares are down 12.15% from the beginning of the year and are trading at $52.93 , down-from-52-week-high.They are under-performing the S&P 500 which is up 0.95% year to date.
Marathon Petroleum follows other major Energy sector earnings this month
Marathon Petroleum's report follows an earnings beat by Schlumberger on Friday, January 17, 2020, who reported EPS of $0.39 on revenue of $8.23B, compared to forecasts EPS of $0.37 on revenue of $8.16B.
Baker Hughes A had missed expectations on Wednesday, January 22, 2020 with fourth quarter EPS of $0.27 on revenue of $6.35B, compared to forecast for EPS of $0.31 on revenue of $6,466M.
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