USX-Marathon Group Announces Revised First Quarter 2001 Results
The USX-Marathon Group (NYSE: MRO) announced today that USX Corporation's Form 10-Q, when filed with the Securities and Exchange Commission, will report revised first quarter net income of $500 million or $1.62 per share for the Marathon Group. This is a reduction of $7 million or 2 cents per share versus previously reported results.
Adjusted net income of the Marathon Group is $471 million or $1.52 per share excluding special items. The change is a result of reduced income for the Other Energy Related Businesses segment which is now reporting income from operations of $8 million versus the previously reported $19 million.
In addition, corresponding changes will be made reducing consolidated USX Corporation net income from $516 million to $509 million.
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SOURCE: USX-Marathon Group
Contact: William E. Keslar or Don H. Herring of USX-Marathon Group,