Valero Beats Profit, Sales Expectations As Refineries Stay Busy
October 25 2018 - 7:51AM
Dow Jones News
By Micah Maidenberg
Valero Energy Corp. (VLO) reported profits of $856 million in
the third quarter, or $2.01 a share, as the company said its
refineries stayed busy in the period, with capacity utilization at
99%.
Profits rose about 2% compared with the third quarter last year.
Analysts surveyed by FactSet expected a profit of $1.97 a
share.
Sales were up 31% to $30.85 billion, beating the $29.9 billion
expected by analysts.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
October 25, 2018 07:36 ET (11:36 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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