49 days ago • Posted by William Ramstein

Marathoon Oil posts 4Q losses, stock price surges

The energy company recorded a $338 million loss, compared with a $20 million loss in the same period a year ago. It had a loss of 43 cents a share, compared with 3 cents in the year-earlier period. On an adjusted basis, losses were 12 cents a share. Analysts surveyed by FactSet expected a loss of 20 cents a share. Total revenue and other income fell to $830 million from $1.22 billion a year earlier. Analysts expected $849.5 million. Marathon Oil cut costs and expenses by 5.4% from the year earlier to $1.08 billion. Source: WSJ

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