Exxon Mobil Shares Fall 2.6% Premarket After Company Misses On Profit And Revenue

By Ciara LinnaneMarketsMarketWatch Pulse

Exxon Mobil Corp. shares fell 2.6% in premarket trade Friday, after the company's second-quarter profit and revenue fell short of analyst estimates. Exxon said it had net income of $1.7 billion, or 41 cents a share, in the quarter, down from $4.19 billion, or $1.00 a share, in the year-earlier period. Revenue fell to $57.7 billion from $74.1 billion. The FactSet consensus was for EPS of 64 cents and revenue of $58.0 billion. Chief Executive Rex Tillerson said the numbers "reflect a volatile industry environment." Shares have gained 16% in the year so far, while the Dow Jones Industrial Average has gained just 6%.

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