Valero Energy Corp. Q3 Income Drops

(RTTNews) - Valero Energy Corp. (VLO) released earnings for third quarter that declined from the same period last year.

The company's earnings totaled $609 million, or $1.48 per share. This compares with $856 million, or $2.01 per share, in last year's third quarter.

Analysts had expected the company to earn $1.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 11.7% to $27.25 billion from $30.85 billion last year.

Valero Energy Corp. earnings at a glance:

-Earnings (Q3): $609 Mln. vs. $856 Mln. last year. -EPS (Q3): $1.48 vs. $2.01 last year. -Analysts Estimate: $1.35 -Revenue (Q3): $27.25 Bln vs. $30.85 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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