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 January 17, 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 January 22 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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