Investing.com - Marathon Petroleum (NYSE:MPC) reported first quarter earnings that missed analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $-0.09 on revenue of $28.62B. Analysts polled by Investing.com forecast EPS of $0.07 on revenue of $28.12B. That compared to EPS of $0.08 on revenue of $18.98B in the same period a year earlier. The company had reported EPS of $2.41 on revenue of $32.54B in the previous quarter.
For the year, Marathon Petroleum shares are up 0.71%, under-performing the S&P 500 which is up 16.44% year to date.
Marathon Petroleum follows other major Energy sector earnings this month
On Friday, April 26, 2019, Exxon Mobil reported first quarter EPS of $0.55 on revenue of $63.63B, compared to forecasts of EPS of $0.7 on revenue of $63B.
Royal Dutch Shell B ADR earnings beat analyst's expectations on Thursday, May 2, 2019, with first quarter EPS of $1.3 on revenue of $83.74B. Investing.com analysts expected EPS of $1.1 on revenue of $82.43B
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