Marathon Petroleum (MPC) Tops Q3 Earnings and Revenue Estimates

Marathon Petroleum (MPC) came out with quarterly earnings of $1.87 per share, beating the Zacks Consensus Estimate of$ 0.97 per share. This compares to earnings of $8.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 92.78%. A quarter ago, it was expected that this refiner would post earnings of$ 3.04 per share when it actually produced earnings of $4.12, delivering a surprise of 35.53%.Over the last four quarters, the compan ...