Exxon Mobil Earnings: Here’s Why Investors are Selling Shares Now

Exxon Mobil Corp. (NYSE:XOM) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.59%.

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Exxon Mobil Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 6% to $2.12 in the quarter versus EPS of $2.00 in the year-earlier quarter.

Revenue: Decreased 12.29% to $108.81 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Exxon Mobil Corp. reported adjusted EPS income of $2.12 per share. By that measure, the company beat the mean analyst estimate of $2.05. It missed the average revenue estimate of $119.83 billion.

Quoting Management: Chairman Rex W. Tillerson commented: “ExxonMobil achieved strong results during the first quarter of 2013, while investing significantly to develop new energy supplies. ExxonMobil’s financial performance enables continued investment to deliver the energy needed to help meet growing demand, support economic growth, and raise living standards around the world.”

Key Stats (on next page)…

Revenue decreased 5.53% from $115.17 billion in the previous quarter. EPS decreased 3.64% from $2.20 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $2.00 to a profit $1.96. For the current year, the average estimate has moved up from a profit of $7.99 to a profit of $8.02 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)