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Exxon Mobil Q2 EPS USD1.55, miss expectations of USD1.89

Published 08/01/2013, 08:12 AM
Updated 08/01/2013, 08:12 AM

Investing.com - The world’s largest oil and gas company Exxon Mobil reported lower-than-expected second quarter earnings ahead of Thursday’s opening bell, sending its shares lower in pre-market trade.

Earlier in the day, in its second quarter earnings report, Exxon said earnings per share came in at USD1.55, significantly lower than expectations for USD1.89 per share.

The company’s second quarter revenue totaled USD106.47 billion, beating forecasts for sales of USD105.54 billion.

Following the release of the report, shares in Exxon Mobil fell 1.2% in pre-market trade.

Meanwhile, the outlook for U.S. equity markets remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.7% at the open, S&P 500 futures pointed to a rise of 0.7% and Nasdaq 100 futures indicated an increase of 0.7%.

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