U.S. Markets closed

HollyFrontier: 1Q Earnings Snapshot

DALLAS (AP) _ HollyFrontier Corp. (HFC) on Thursday reported first-quarter profit of $253.1 million.

On a per-share basis, the Dallas-based company said it had net income of $1.47. Earnings, adjusted for non-recurring gains, came to 54 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The independent energy company posted revenue of $3.9 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $3.74 billion.

HollyFrontier shares have fallen 6.5% since the beginning of the year. The stock has dropped 21% in the last 12 months.

_____

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