Murphy Oil Earnings: Here’s Why the Stock is Up Now
Murphy Oil Corporation (NYSE:MUR) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.29%.
Murphy Oil Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 15.13% to $1.75 in the quarter versus EPS of $1.52 in the year-earlier quarter.
Revenue: Rose 0.38% to $7.22 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Murphy Oil Corporation reported adjusted EPS income of $1.75 per share. By that measure, the company beat the mean analyst estimate of $1.54. It missed the average revenue estimate of $7.27 billion.
Key Stats (on next page)…