Murphy Oil Profit Drops In Q1

(RTTNews) - Murphy Oil (MUR) revealed earnings for first quarter that Drops, from the same period last year

The company's bottom line came in at $53.5 million, or $0.37 per share. This compares with $73.6 million, or $0.50 per share, last year.

Excluding items, Murphy Oil reported adjusted earnings of $46.5 million or $0.32 per share for the period.

The company's revenue for the period rose 10.2% to $733.55 million from $665.71 million last year.

Murphy Oil earnings at a glance (GAAP) :

-Earnings: $53.5 Mln. vs. $73.6 Mln. last year. -EPS: $0.37 vs. $0.50 last year. -Revenue: $733.55 Mln vs. $665.71 Mln last year.