It was the lowest second-quarter result since 1987, when the banking industry reported a loss.
Yahoo, which is expected to report its second-quarter results today, fell 3, to 175 1/8.
He added that the second-quarter results had exceeded the company's expectations.
That is about 5.4 times earnings, based on second-quarter results.
The company said it would release second-quarter results on July 18.
He said the stock has climbed in anticipation of strong second-quarter results.
Sales have been up, market share is on the rise, and second-quarter results produced black ink.
As with other oil companies, Mobil's second-quarter results were well ahead of the first quarter.
The second-quarter results were announced after the close of the trading day.
We believe that the second-quarter results will be better than the first quarter.