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From Times Staff and Wire Reports
Exxon Posts Lower Earnings: Exxon Corp. reported first-quarter net income of $1.19 billion, or 94 cents a share, compared with earnings of $1.3 billion, or $1.03 a share, a year earlier. The biggest U.S. oil company said sales for the quarter were $27.26 billion, compared with $27.91 billion a year ago. Exxon’s stock Friday fell $1.625, to $64.25 a share, on the New York Stock Exchange.
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