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Valvoline beats Street 2Q forecasts

LEXINGTON, Ky. (AP) _ Valvoline Inc. (VVV) on Tuesday reported fiscal second-quarter profit of $71 million.

The Lexington, Kentucky-based company said it had profit of 35 cents per share. Earnings, adjusted for non-recurring costs, came to 37 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The automotive and industrial lubricants maker posted revenue of $514 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $503.4 million.

Valvoline expects full-year earnings in the range of $1.36 to $1.43 per share.

Valvoline shares have increased slightly more than 8 percent since the beginning of the year.


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


Keywords: Valvoline, Earnings Report