WASHINGTON (dpa-AFX) - Marathon Petroleum Corporation (MPC) released a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $371 million, or $1.15 per share. This compares with $1.451 billion, or $3.84 per share, last year.
Excluding items, Marathon Petroleum Corporation reported adjusted earnings of $249 million or $0.77 per share for the period.
Analysts on average had expected the company to earn $0.02 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 9.1% to $33.466 billion from $36.823 billion last year.
Marathon Petroleum Corporation earnings at a glance (GAAP) :
-Earnings: $371 Mln. vs. $1.451 Bln. last year. -EPS: $1.15 vs. $3.84 last year. -Revenue: $33.466 Bln vs. $36.823 Bln last year.
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