Stock Track | Murphy USA Soars on Q3 Earnings Beat, Upbeat Outlook

Stock Track

Oct 31, 2024

Shares of Murphy USA Inc. (MUSA) surged 5.05% on Wednesday morning, following the company's better-than-expected earnings report for the third quarter of 2024.

The gasoline station and convenience store operator reported adjusted earnings per share of $7.20 for the quarter ended September 30, surpassing analysts' average estimate of $6.68. While revenue fell 9.6% year-over-year to $5.24 billion, it still exceeded Wall Street's expectations of $5.62 billion.

Murphy USA's strong quarterly performance was driven by robust fuel margins and cost-cutting measures, which helped offset a decline in fuel volumes. The company reported net income of $149.2 million for the quarter, demonstrating its ability to navigate a challenging macroeconomic environment.

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(MUSA) surged 5.05% on Wednesday morning, following the company's better-than-expected earnings report for the third quarter of 2024.</p>\n\n<p>The gasoline station and convenience store operator reported adjusted earnings per share of $7.20 for the quarter ended September 30, surpassing analysts' average estimate of $6.68. While revenue fell 9.6% year-over-year to $5.24 billion, it still exceeded Wall Street's expectations of $5.62 billion.</p>\n\n<p>Murphy USA's strong quarterly performance was driven by robust fuel margins and cost-cutting measures, which helped offset a decline in fuel volumes. The company reported net income of $149.2 million for the quarter, demonstrating its ability to navigate a challenging macroeconomic environment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MUSA","symbol_name":"Murphy USA Inc.","start_time":0,"source_url":"","article_id":"1112902973","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112902973","pubTimestamp":1730382991,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Murphy USA Inc.  surged 5.05% on Wednesday morning, following the company's better-than-expected earnings report for the third quarter of 2024.The gasoline station and convenience store operator reported adjusted earnings per share of $7.20 for the quarter ended September 30, surpassing analysts' average estimate of $6.68. 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