Valero Energy tops Street 2Q forecasts

Valero Energy Corp. (VLO) on Thursday reported second-quarter net income of $548 million.

The San Antonio-based company said it had profit of $1.23 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The oil refiner posted revenue of $22.25 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $21.53 billion.

Valero Energy shares have dropped slightly since the beginning of the year, while the Standard & Poor's 500 index has risen 11 percent. The stock has climbed 29 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on VLO at


Keywords: Valero Energy, Earnings Report