Earnings Watch: Marathon Oil (MRO) | Teva Pharmaceutical (TEVA) | Exelixis (EXEL)

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Earnings

EarningsAs earnings season continues to heat up, we’re seeing more strong opportunities in the market. Today, we’re tracking three stocks with overwhelmingly impressive earnings reports. These stocks include Marathon Oil Corporation (NYSE: MRO), Teva Pharmaceutical Industries Ltd (ADR) ADR (NYSE: TEVA) and Exelixis, Inc. (NASDAQ: EXEL). Here’s what we saw from the reports:

MRO Enjoys Higher Oil Prices

One of the first earnings reports that jumped out at us this morning was the report that was issued by Marathon Oil Corporation. For the first quarter, the company generated earnings in the amount of $0.18 per share. That figure proved to be ahead of analyst projections at $0.15 per share. On the revenue front, the company generated $1.733 billion in the quarter, well ahead of analyst estimates at $1.347 billion.

As a result of the strong report, MRO is seeing gains in the market. After all, investors are investing for growth, so strong earnings reports tend to lead to strong gains. As is normally the case, our partners at Trade Ideas were the first to alert us to the movement. At the moment (10:23), MRO is trading at $19.33 per share after a gain of $1.02 per share or 5.57% thus far today.

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TEVA Heads Up On Strong Earnings

The next on the list, Teva Pharmaceutical Industries, also produced a relatively impressive earnings report. When it comes to earnings per share, analysts expected that the company would generate earnings in the amount of $0.68 per share. However, after reporting earnings in the amount of $0.94 per share, it quickly became clear that the company performed well in the quarter. On the revenue side, TEVA  generated $5.1 billion in the quarter. While that represents a sales decline of 10% year over year, it was well ahead of analyst estimates at $4.8 billion.




Yet again, with a strong earnings report, the stock is headed up. While TEVA isn’t enjoying the same level of gains as Marathon due to concerns with regard to sales declines, investors are clearly excited that the company beat expectations. At the moment (10:25), the stock is trading at $18.91 per share after a gain of $0.32 per share or 1.72% thus far today.

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EXEL Easily Beats Expectations

Finally, Exelixis recently reported earnings, and the report was overwhelmingly positive. On the earnings front, the company generated first quarter earnings in the amount of $115.9 million, which works out to a profit of $0.37 per share. Analysts expected that earnings would come in far lower at $0.16 per share. On the revenue side of the coin, the company also did incredibly well. During the first quarter, EXEL generated revenue in the amount of $212.3 million. Analysts only expected that the company would generate $146.4 million.

With such strong results, it’s no surprise to see that EXEL is making a run for the top in the market today. At the moment (10:27), EXEL is trading at $22.42 per share after a gain of $1.80 per share or 8.73% thus far today.

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