WASHINGTON (dpa-AFX) - Marathon Oil Corp. (MRO) reported net income for the third quarter of $431 million or $0.64 per share, down from $569 million or $0.80 per share for the year-ago quarter.
Excluding items, adjusted net income for the quarter was $515 million or $0.76 per share, compared to $617 million or $0.87 per share in the same period last year.
Total revenues and other income for the quarter declined to $2.97 billion from $3.13 billion a year ago.
On average, analysts polled by Thomson Reuters expected the company to earn $0.59 per share for the quarter on revenue of $2.93 billion. Analysts' estimates typically exclude special items.
Total company sales volumes from continuing operations, excluding Libya, during the quarter averaged 411,000 net barrels of oil equivalent per day or boed, compared to 382,000 net boed for the year-ago period.
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