MPLX LP (MPLX) announced a profit for its first quarter that increased from last year but missed the Street estimates.
The company's bottom line came in at $1.126 billion, or $1.10 per share. This compares with $995 million, or $0.98 per share, last year.
Analysts on average had expected the company to earn $1.15 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.8% to $3.124 billion from $2.846 billion last year.
MPLX LP earnings at a glance (GAAP) :
-Earnings: $1.126 Bln. vs. $995 Mln. last year.-EPS: $1.10 vs. $0.98 last year.-Revenue: $3.124 Bln vs. $2.846 Bln last year.
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