Wall St. didn’t think much of Exxon’s (XOM) earnings. That is odd because the company made an obscene $10.9 billion. The stock is off over 2%.
The oil company’s earnings for the first three months of the year rose to $10.9 billion, or $2.03 per share, up from $9.3 billion, or $1.62 per share is the quarter a year ago.
Revenue rose to $116.8 billion from $87.2 billion.
All of that seemed to miss analyst expectations as the company ran aground.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
