Exxon beats 1Q profit forecasts
IRVING, Texas (AP) -- Exxon Mobil Corp. is reporting first-quarter earnings of $4.01 billion.
On a per-share basis, the Irving, Texas company had net income of 95 cents.
The results beat Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The oil and natural gas company posted revenue of $63.29 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $64.35 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XOM at https://www.zacks.com/ap/XOM
Keywords: Exxon Mobil, Earnings Report, Priority Earnings