Marathon Petroleum Corporation Reveals Rise In Q1 Bottom Line, Beats estimates

(RTTNews) - Marathon Petroleum Corporation (MPC) reported a profit for its first quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $2.72 billion, or $6.09 per share. This compares with $0.85 billion, or $1.49 per share, in last year's first quarter.

Analysts on average had expected the company to earn $5.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.6% to $35.08 billion from $38.38 billion last year.

Marathon Petroleum Corporation earnings at a glance (GAAP) :

-Earnings (Q1): $2.72 Bln. vs. $0.85 Bln. last year. -EPS (Q1): $6.09 vs. $1.49 last year. -Analyst Estimate: $5.74 -Revenue (Q1): $35.08 Bln vs. $38.38 Bln last year.