By Steve Gelsi
NEW YORK (MarketWatch) -- Marathon Oil Corp. MRO +2.90% said Wednesday its first-quarter profit fell to $417 million, or 59 cents a share, from $549 million, or 78 cents a share, in the year-ago period. Adjusted profit fell to 67 cents a share, from 78 cents a share. Revenue rose to $4.04 billion from $3.81 billion. Wall Street analysts expected earnings of 88 cents a share and revenue of $3.31 billion. Shares of Marathon Oil fell 3.9% in premarket trades. Marathon said it faced low natural gas prices and difficult Canadian liquid hydrocarbon price realizations.
