ashling
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Thu May-01-08 03:04 PM
Original message |
WTF? Exxon stock falls because their profits up 17% |
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Exxon Sees $10.9B Profits but No Record Exxon Mobil's Earnings Were Boosted by High Oil Prices but Fell Short of Expectations By JOHN PORRETTO AP Business Writer May 1, 2008
HOUSTON (AP) -- Exxon Mobil Corp., the world's largest publicly traded oil company, said Thursday record crude prices helped its net income grow 17 percent in the first quarter, but the results came in below Wall Street forecasts. Exxon (AP Photo) More Photos
Its shares fell $2.32, or 2.5 percent, to $90.75 in premarket trading.
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Crabby Appleton
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Thu May-01-08 03:23 PM
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1. Their Earnings per share (EPS) is not really that great |
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The raw numbers for profit are large, but divided by the number of shares, it's only an average performing stock.
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sharesunited
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Thu May-01-08 03:46 PM
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2. Two reasons for the decline. |
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They failed to meet the earnings expectations of Wall Street analysts, and the price of oil has dropped in the past few days.
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Angleae
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Thu May-01-08 04:41 PM
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3. Yet GM stock rises because their losses are less then expected |
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Edited on Thu May-01-08 04:41 PM by Angleae
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spanone
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Thu May-01-08 04:46 PM
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4. they expected more, so they came in under projections...breaks your heart doesn't it? |
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Sat May 11th 2024, 07:17 PM
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