Exxon Beats Earnings Estimates but Stock Falls on Revenue Miss
beat earnings expectations in the fourth quarter but revenue came up short.
It posted adjusted quarterly earnings per share of $3.40, compared with analysts’ consensus of $3.29. Revenue in the quarter was $95.43 billion, lower than analysts’ expectations of $97.3 billion. Shares were trading down 3.3% in the premarket session at $110.