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MPLX Gains 1.76% Ahead of November Earnings Report
The pipeline company outpaced major indexes in its latest session, while analysts expect lower quarterly earnings and revenue year over year.
Key takeaways
- MPLX rose 1.76% to $57.37, while the S&P 500 gained 0.66%.
- Consensus estimates point to lower quarterly earnings and revenue year over year.
MPLX LP rose 1.76% to $57.37 in its latest trading session, outpacing the S&P 500’s 0.66% gain. The Dow added 0.18%, while the Nasdaq rose 1.05%.
The shares had fallen 5.51% over the past month, compared with a 2.73% decline for the Oils-Energy sector and a 0.55% gain for the S&P 500.
MPLX is scheduled to report earnings on November 3. The latest consensus estimate calls for earnings of $1.13 per share and revenue of $3.3 billion, down 25.66% and 8.71%, respectively, from the same quarter a year earlier.
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Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
