FILE - This April 24, 2017, photo shows signage at a Mobil gasoline station in Londonderry, N.H. Exxon Mobil Corp. reports financial results on Friday, April 26, 2019. (AP Photo/Charles Krupa, File)

Exxon 1Q profit and revenue misses estimates

April 26, 2019 - 7:16 am
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IRVING, Texas (AP) — Exxon Mobil Corp. shares slipped in premarket trading Friday after the company posted disappointing results.

The company reported first-quarter profit of $2.35 billion, or 55 cents per share.

The results fell short of Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The Irving, Texas-based oil and natural gas company posted revenue of $63.63 billion in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $67.93 billion.

Exxon shares were down 2 percent in early trading.

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Elements of this story were 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

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