SAN ANTONIO (AP) — SAN ANTONIO (AP) — Valero Energy Corp. (VLO) on Thursday reported third-quarter net income of $6.83 billion.
The San Antonio-based company said it had profit of $23.89 per share. Earnings, adjusted for non-recurring costs, came to $23.90 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $21.28 per share.
The oil refiner posted revenue of $46.1 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $37.39 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
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
