Investing.com - Exxon Mobil (NYSE:XOM) reported first quarter earnings that missed analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.55 on revenue of $63.63M. Analysts polled by Investing.com forecast EPS of $0.72 on revenue of $62.47B. That compared to EPS of $1.09 on revenue of $68.21B in the same period a year earlier. The company had reported EPS of $1.29 on revenue of $71.9B in the previous quarter.
Exxon Mobil shares lost 3.06% to trade at $79.70 in pre-market trade following the report.
Exxon Mobil shares lost 3.06% to trade at $79.70 in pre-market trade following the report.
For the year, Exxon Mobil shares are up 20.57%, outperforming the S&P 500 which is up 18.14% year to date.
Exxon Mobil follows other major Energy sector earnings this month
On Friday, Total ADR reported first quarter EPS of $1.02 on revenue of $45.1B, compared to forecasts of EPS of $0.96 on revenue of $49.43B.
ENI ADR earnings missed analyst's expectations on Wednesday, with first quarter EPS of $0.63 on revenue of $20.77B. Investing.com analysts expected EPS of $0.68 on revenue of $20.27B
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