Stocks in the news: Exxon Mobil, Motorola, General Electric


The following post rounds up the companies making headlines today:

Exxon Mobil (XOM) profit tumbled 66 percent and missed Wall Street estimates by a mile. Analysts have been expecting Exxon Mobil to report a second-quarter profit of $1.02 a share, on sales of $71.3 billion, according to Thomson Reuters estimates. Exxon reported earnings of 84 cents per share, excluding items, but revenue beat analyst estimates, falling 46 percent to $74.5 billion. Shares declined over 2.5 percent ahead of the bell.

Dow Chemical (DOW) reported a loss of $486 million in the second quarter because of charges, but reported adjusted earnings of 5 cents per share, handily beating analyst estimates of a loss of 8 cents per share. Revenue slid 31 percent to $11.32 billion, below the $13 billion analysts have forecast, according to Thomson Reuters. Shares were initially down but at last check reversed direction and were over 2 percent higher.