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Marathon Oil (MRO) Stock Down in After-Hours Trading on Q2 Revenue Miss

NEW YORK (TheStreet) -- Shares of Marathon Oil (MRO) were slumping in after-hours trading on Wednesday after the company reported lower-than-anticipated revenue for the 2016 second quarter.

After today's market close, the Houston-based exploration and production company said revenue fell to $1.3 billion from $1.5 last year. The figure was below Wall Street's expectations of $1.53 billion.

Marathon Oil posted an adjusted loss of 23 cents per share, narrower than the loss of 24 cents per share that analysts had projected.

The company's total production...


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