Valero Energy: Q4 Earnings Snapshot
SAN ANTONIO (AP) — SAN ANTONIO (AP) — Valero Energy Corp. (VLO) on Thursday reported fourth-quarter profit of $1.2 billion.
On a per-share basis, the San Antonio-based company said it had profit of $3.55.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.95 per share.
The oil refiner posted revenue of $35.41 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $37.11 billion.
For the year, the company reported profit of $8.84 billion, or $24.92 per share. Revenue was reported as $144.77 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VLO at https://www.zacks.com/ap/VLO
