Inside XOM’s Earnings
Exxon reported earnings of $6.57 billion, or $1.56 per share, down from $8.35 billion, or $1.91 per share, last year. On average, analysts expected to see EPS of $1.34.
Revenue fell to $87.28 billion from last year’s $110.86 billion. Analysts expected to see revenue of $87.58 billion.
Energy Stocks Remain Risky
While Exxon has a decent dividend yield around 3%, there is still a high amount of risk for the stock as estimates could continue to be trimmed. Investors may consider avoiding the energy battle and look elsewhere rather than investing in the embattled energy space.
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market Index||1.69%|
|VFINX||Vanguard 500 Index||1.08%|
|FUSEX||Fidelity Spartan 500 Index||0.46%|
The Bottom Line
Sign up for Advisor Access
Receive email updates about best performers, news, CE accredited webcasts and more.