Valero Energy: Q4 Earnings Snapshot
SAN ANTONIO (AP) — SAN ANTONIO (AP) — Valero Energy Corp. (VLO) on Thursday reported fourth-quarter earnings of $281 million.
The San Antonio-based company said it had profit of 88 cents per share. Earnings, adjusted for non-recurring gains, were 64 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The oil refiner posted revenue of $30.76 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $30.73 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VLO at https://www.zacks.com/ap/VLO