S&P 500 component Exxon Mobil Corporation reported its results for the fourth quarter. ExxonMobil Corporation produces and sells crude oil, natural gas and petroleum products.
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Exxon Mobil Earnings Cheat Sheet for the Fourth Quarter
Results: Net income for the oil and gas company rose to $9.4 billion ($1.97 per share) vs. $9.25 billion ($1.85 per share) in the same quarter a year earlier. This marks a rise of 1.6% from the year earlier quarter.
Actual vs. Wall St. Expectations: XOM fell short of the mean analyst estimate of $2.01 per share.
Key Stats:
The company has now seen net income rise in three straight quarters. In the third quarter, net income rose 40.5% and in the second quarter, the figure rose 41.3%.
The company fell short of estimates last quarter after beating the mark the quarter before with net income of $2.13 versus a mean estimate of net income of $2.11 per share.
Looking Forward: Over the past ninety days, the average estimate for the first quarter of the next fiscal year has fallen from $2.10 per share to $2.01, indicating that analysts are growing pessisimistic about the company’s performance next quarter. In the past month, the average estimate for the fiscal year has fallen from $8.56 per share to $8.46 abs.
Competitors to Watch: Chevron Corporation , BP plc , ConocoPhillips , Marathon Oil Corporation , Hess Corp. , TOTAL S.A. , Suncor Energy Inc. and Petroleo Brasileiro SA .
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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com
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