WASHINGTON (dpa-AFX) - Valero Energy Corp. (VLO) revealed a profit for its third quarter that Increased from last year and beat the Street estimates.
The company's earnings totaled $1.095 billion, or $3.53 per share. This compares with $364 million, or $1.14 per share, last year.
Excluding items, Valero Energy Corp. reported adjusted earnings of $1.134 billion or $3.66 per share for the period.
Analysts on average had expected the company to earn $3.05 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 2.2% to $32.168 billion from $32.876 billion last year.
Valero Energy Corp. earnings at a glance (GAAP) :
-Earnings: $1.095 Bln. vs. $364 Mln. last year. -EPS: $3.53 vs. $1.14 last year. -Revenue: $32.168 Bln vs. $32.876 Bln last year.
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