Sunoco LP Reveals Advance In Q1 Bottom Line, Beats estimates

(RTTNews) - Sunoco LP (SUN) reported earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $230 million, or $2.26 per share. This compares with $141 million, or $1.41 per share, in last year's first quarter.

Analysts on average had expected the company to earn $1.3 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.6% to $5.499 billion from $5.362 billion last year.

Sunoco LP earnings at a glance (GAAP) :

-Earnings (Q1): $230 Mln. vs. $141 Mln. last year. -EPS (Q1): $2.26 vs. $1.41 last year. -Revenue (Q1): $5.499 Bln vs. $5.362 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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