Marathon Petroleum (MPC) Reports Q1 Loss, Tops Revenue Estimates

Marathon Petroleum (MPC) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.63. This compares to earnings of $2.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 61.90%. A quarter ago, it was expected that this refiner would post earnings of $0.06 per share when it actually produced earnings of $0.77, delivering a surprise of 1,183.33%. Over the last four quarters, the compa ...