Investing.com - Marathon Petroleum (NYSE:MPC) reported third quarter earnings that missed analyst's expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.7 on revenue of $23.1B. Analysts polled by Investing.com expected EPS of $1.72 on revenue of $23.84B. That compared to EPS of $1.77 on revenue of $19.39B in the same period a year earlier. The company had reported EPS of $2.27 on revenue of $22.45B in the previous quarter.
For the year, Marathon Petroleum shares are up 6.77%, outperforming the S&P 500 which is up 1.04% year to date.
Marathon Petroleum follows other major Energy sector earnings this month
On Thursday, Royal Dutch Shell (LON:RDSa) ADR reported third quarter EPS of $0.68 on revenue of $100.2B, compared to forecasts of EPS of $1.48 on revenue of $92.05B.
PetroChina ADR earnings beat analyst's expectations on Tuesday, with third quarter EPS of $1.65 on revenue of $86.19B. Investing.com analysts expected EPS of $1.55 on revenue of $91.07B
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