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HollyFrontier: 3Q Earnings Snapshot

DALLAS (AP) _ HollyFrontier Corp. (HFC) on Wednesday reported third-quarter profit of $342.5 million.

On a per-share basis, the Dallas-based company said it had profit of $1.93. Earnings, adjusted for non-recurring costs, came to $1.98 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The independent energy company posted revenue of $4.77 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $4.52 billion.

HollyFrontier shares have climbed 23 percent since the beginning of the year. The stock has climbed 74 percent 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