Exxon Mobil Corp. Q3 Profit Decreases, But Beats Estimates

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Kaufen / Verkaufen

(RTTNews) - Exxon Mobil Corp. (XOM) revealed earnings for third quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $8.610 billion, or $1.92 per share. This compares with $9.070 billion, or $2.25 per share, in last year's third quarter.

Excluding items, Exxon Mobil Corp. reported adjusted earnings of $8.610 billion or $1.92 per share for the period.

Analysts on average had expected the company to earn $1.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.8% to $90.016 billion from $90.760 billion last year.

Exxon Mobil Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $8.610 Bln. vs. $9.070 Bln. last year. -EPS (Q3): $1.92 vs. $2.25 last year. -Revenue (Q3): $90.016 Bln vs. $90.760 Bln last year.