News / Business
Losing Stock Alert - (NYSE:MRO) Oil net income falls 80%
Losing Stock Alert
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Marathon Oil Corporation (NYSE:MRO) said Tuesday its third-quarter net income fell to $413 million, or 58 cents a share, from $2.06 billion, or $2.90 a share in the year-ago period. Adjusted net income fell to 61 cents a share from $2.76 a share. Revenue fell to $14.5 billion from $22.3 billion. Wall Street analysts expected earnings of 59 cents a share, according to a survey by FactSet Research.
Marathon Oil Corporation is engaged in exploration, development and production activities in ten countries:
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