The Economy's Not Bad For Everyone
Some companies are doing just fine, thankyouverymuch:
Exxon Mobil reported third quarter earnings of $10.3 billion on Thursday, a surge of 41% from the year-earlier quarter that beat expectations.
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The net profit for the world's leading oil company soared compared to the year-earlier net income of $7.4 billion. Per-share income climbed to $2.13 per share from $1.44 in the prior year.
The company said that revenue rose to $125.3 billion from $95.3 billion in the year-ago quarter.
Analysts were expecting revenue to jump 19% to $113.6 billion for the third quarter, and a surge in net income to $10.2 billion, with earnings of $2.12 per share. That's according to a consensus of forecasts from Thomson Reuters.
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