CVR Energy tops, sets dividend

Investor's Business Daily

The refiner said Q1 EPS more than doubled to $1.81, beating views by 33 cents. Revenue rose 19% to $2.3 bil, above views of $2.18 bil. CVR Energy (CVI) announced a 75-cent quarterly dividend. Shares rose 8.1% to 52.05. CVR Energy's recent spinoff CVR Refining (CVRR) reported Q1 EPS of $1.52, missing views by 6 cents. Net sales rose 20% to $2.27 bil. Shares rose 3.4% to 31.99.

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