EL DORADO, Ark. (AP) _ Murphy USA Inc. (MUSA) on Monday reported a first-quarter loss of $3 million, after reporting a profit in the same period a year earlier.
The El Dorado, Arkansas-based company said it had a loss of 8 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The gasoline station operator posted revenue of $3 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.93 billion.
Murphy USA shares have risen 12 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $69.10, a rise of 20 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 MUSA at https://www.zacks.com/ap/MUSA
Keywords: Murphy USA, Earnings Report