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Stock impact report

Marathon Petroleum (MPC) Up 12.7% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]

Marathon Petroleum Corporation (MPC) 
Last marathon petroleum corporation earnings: 1/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.marathonpetroleum.com
Company Research Source: Yahoo! Finance
A month has gone by since the last earnings report for Marathon Petroleum (MPC). Shares have added about 12.7% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Marathon Petroleum due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers. Marathon Q4 Earnings & Revenues Beat Estimates, Expenses Down Y/Y Marathon Petroleum reported fourth-quarter adjusted earnings per share of $4.07, which beat the Zacks Consensus Estimate of $2.73. Moreover, the bottom line increased significantly from the year-ago adjusted profit of 77 cents. The outperformance was driven by stronger-than-expected Refining & Marketing segment performance and a 4.9% year-over-year decline in costs and expenses during the quarter. Findlay, OH-based o Show less Read more
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