Exxon Mobil Misses Q2 Profit Forecasts
Follow CBSDFW.COM: Facebook | Twitter
IRVING (AP) - Exxon Mobil Corp. on Friday reported second-quarter profit of $4.19 billion.
On a per-share basis, the Irving-based company said it had net income of $1.
The results fell short of Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The oil and natural gas company posted revenue of $74.11 billion in the period.
Exxon shares have decreased 10 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 2 percent. The stock has decreased 20 percent in the last 12 months.
(© Copyright 2015 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
