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Marathon Petroleum: Q3 Earnings Snapshot


Marathon Petroleum: Q3 Earnings Snapshot

FINDLAY, Ohio (AP) -- FINDLAY, Ohio (AP) -- Marathon Petroleum Corp. (MPC) on Tuesday reported third-quarter net income of $1.37 billion.

On a per-share basis, the Findlay, Ohio-based company said it had profit of $4.51. Earnings, adjusted for non-recurring gains, came to $3.01 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.11 per share.

The refiner posted revenue of $35.85 billion in the period.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MPC at https://www.zacks.com/ap/MPC

For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News

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