Valero Energy 2Q Earnings Miss Estimates, But Adjusted EPS Beats
July 25 2019 - 7:19AM
Dow Jones News
By Chris Wack
Valero Energy Corp. (VLO) Thursday reported second-quarter
earnings that came up short of analysts' estimates.
The San Antonio, Texas-based refiner posted a profit of $612
million, or $1.47 a share, compared to $845 million, or $1.96 a
share, a year ago. Analysts polled by FactSet expected $1.66 a
share.
On an adjusted basis, Valero reported a profit of $1.51 a share.
Analysts were looking for $1.42, according to FactSet.
Revenue came to $28.93 billion, the company said, besting the
$24.85 billion analysts were targeting.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
July 25, 2019 07:04 ET (11:04 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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