Company News: Exxon Mobil (XOM) quarterly results miss analysts’ estimates

Market news

31 July 2020

Company News: Exxon Mobil (XOM) quarterly results miss analysts’ estimates

Exxon Mobil (XOM) reported Q2 FY 2020 loss of $0.70 per share (versus earnings of $0.61 per share in Q2 FY 2019), worse than analysts’ consensus estimate of -$0.60 per share.

The company’s quarterly revenues amounted to $32.605 bln (-52.8% y/y), missing analysts’ consensus estimate of $38.157 bln.

XOM fell to $40.98 (-2.13%) in pre-market trading.

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