Comment on Exxon Misses Estimates By A Mile, Plunges To Two-Month Lows

Exxon Misses Estimates By A Mile, Plunges To Two-Month Lows

ExxonMobil reported on Friday earnings of US$1.7 billion for the second quarter, a 59-percent tumble on the year, amid sharply lower commodity prices and weaker refining margins. Earnings per share assuming dilution fell to US$0.41 from US$1.00 for the second quarter last year, missing Thomson Reuters’ analyst expectations of US$0.64 earnings per share.

 

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