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Marathon Oil Corporation (NYSE:MRO) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. Net income decreased -41.35% to $322 million (55 cents per diluted share) in the quarter versus a net gain of $549 million in the year-earlier quarter. Revenue rose 11.32% to $4.24 billion from the year-earlier quarter.
Marathon Oil Corporation reported adjusted net income of 55 cents per share. By that measure, the company missed the mean analyst estimate of $0.67. It beat the average revenue estimate of $3.93 billion.
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