Exxon Mobil Q4 Adj. EPS $2.48 Beats $2.21 Estimate, Sales $84.34B Miss $85.23B Estimate
Portfolio Pulse from Benzinga Newsdesk
Exxon Mobil (NYSE:XOM) reported Q4 adjusted earnings per share of $2.48, surpassing the $2.21 estimate, marking a 12.22% beat but a 27.06% decrease from last year's $3.40. Quarterly sales were $84.34 billion, missing the $85.23 billion estimate by 1.04% and showing an 11.62% decrease from the previous year's $95.43 billion.
February 02, 2024 | 11:30 am
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Exxon Mobil reported a mixed Q4 with earnings per share beating estimates but sales missing expectations and showing a year-over-year decline.
The beat on earnings per share is positive, indicating operational efficiency or cost management. However, the miss on sales and the year-over-year decline in both earnings and sales could raise concerns about growth prospects and demand. The mixed results make the short-term impact on the stock price uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100