April 29 (Reuters) - U.S. refiner Phillips 66 reported a 61 percent fall in quarterly profit, hurt by lower margins for gasoline and other refined products.
The company's consolidated earnings fell to $385 million, or 72 cents per share, in the first quarter, from $987 million, or $1.79 per share, a year earlier.
Adjusted earnings were $360 million, or $67 cents per share.
(Reporting by Swetha Gopinath in Bengaluru; Editing by Maju Samuel)
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