ExxonMobil shares fall premarket after profit misses estimates
Exxon Mobil Corp. shares XOM, +0.56% slid 2% in premarket trade Friday, after the oil giant's first-quarter profit fell short of expectations. The company said it had net income of $2.350 billion, or 55 cents a share, in the quarter, down from $4.650 billion, or $1.09 a share, in the year-earlier period. Revenue fell to $63.6 billion from $68.2 billion. The FactSet consensus was for EPS of 70 cents and revenue of $63.0 billion. Oil-equivalent production rose 2% to 4 million barrels a day.
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