Exxon Mobil's first quarter earnings: One for the bears


The skinny on Exxon Mobil's first quarter earnings report? It was a decent quarterly performance but it was below Wall Street's earnings estimate, hence bearish sentiment toward the stock should prevail, at least over the next few months.

Exxon Mobil (XOM) reported Q1 earnings per share of 92 cents versus the consensus estimate of 95 cents. It was Exxon's lowest quarterly profit in five years. Exxon earned $2.02 per share in Q1 2008.