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Delek US Holdings: 3Q Earnings Snapshot

·1 min read

BRENTWOOD, Tenn. (AP) _ Delek US Holdings Inc. (DK) on Wednesday reported a third-quarter loss of $88.1 million, after reporting a profit in the same period a year earlier.

The Brentwood, Tennessee-based company said it had a loss of $1.20 per share. Losses, adjusted for non-recurring costs, were $1.01 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.35 per share.

The refinery operator posted revenue of $2.06 billion in the period.

Delek US Holdings shares have fallen 68% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.71, a decline of 74% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DK at https://www.zacks.com/ap/DK