Exxon Gaps Down on Earnings: Further Losses Expected

Exxon (XOM) is trading down more than $2 in the pre-market after reporting earnings this morning. Below we highlight all times since 2001 that the stock has opened down on earnings.

On average, when the stock has opened lower, it has gone down another 1.04% from open to close. Just last quarter, the stock also gapped down more than $2, and it went down another $2 from the open to the close.

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Comments

[Burns:]

So as it turns out, high oil prices can also hurt oil companies. This is Exxon's 2nd straight quarterly loss. Their Directors are going to have to get creative if they want to avoid 3 straight losses www.newsvisual.com/new...

2007 Nov 01 02:00 PM