WASHINGTON (dpa-AFX) - Marathon Oil Corporation (MRO) reported a first quarter loss from continuing operations of $276 million or $0.41 per share, compared to profit of $398 million or $0.57 per share, prior year. Adjusted loss from continuing operations was $253 million, or $0.37 per share, for the quarter.
On average, 23 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.45 for the quarter. Analysts' estimates typically exclude special items.
Revenue and other income decreased to $1.53 billion from $2.85 billion last year. Analysts expected revenue of $1.63 billion for the quarter.
Copyright RTT News/dpa-AFX
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