Exxon Mobil Profit up 36

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Market Update Analysis:

Exxon Mobil Profit up 36%

Author: Elena Todorova
123jump.com
Last Update: 9:54 AM EDT July 27 2006

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U.S. stock futures pointed to a higher opening, boosted by optimism about second-quarter earnings. Exxon Mobil posted Q2 profit jump of 36% to $10.36 billion, the second largest quarterly profit ever recorded by a publicly traded U.S. company. Earnings rose to $1.72 per share vs. $1.20 per share last year, beating estimates of $1.64 per share. DaimlerChrysler posted Q2 profit of 1.81 billion euros, compared to 737 million euros in 2005.

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