Valvoline: Fiscal 2Q Earnings Snapshot

LEXINGTON, Ky. (AP) _ Valvoline Inc. (VVV) on Wednesday reported fiscal second-quarter profit of $63 million.

On a per-share basis, the Lexington, Kentucky-based company said it had profit of 33 cents. Earnings, adjusted for non-recurring costs, were 35 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The automotive and industrial lubricants maker posted revenue of $591 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $600.2 million.

Valvoline expects full-year earnings in the range of $1.27 to $1.33 per share.

Valvoline shares have decreased roughly 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.82, a fall of 12% in the last 12 months.

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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