SAN ANTONIO (AP) — Valero Energy Corp. (VLO) on Tuesday reported earnings of $1.06 billion in its third quarter.
The San Antonio-based company said it had profit of $2 per share.
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The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.
The oil refiner posted revenue of $34.41 billion in the period, also beating Street forecasts. Analysts expected $31.8 billion, according to Zacks.
Valero Energy shares have decreased slightly since the beginning of the year, while the Standard & Poor's 500 index has increased 9 percent. The stock has climbed 23 percent in the last 12 months.
This story was generated by Automated Insights using data from Zacks Investment Research. VLO stock research report from Zacks.
Keywords:Valero Energy,Earnings Report