PBF Energy: Q1 Earnings Snapshot
PARSIPPANY, N.J. (AP) _ PBF Energy Inc. (PBF) on Thursday reported a loss of $21.1 million in its first quarter.
On a per-share basis, the Parsippany, New Jersey-based company said it had a loss of 18 cents. Earnings, adjusted for non-recurring costs, were 35 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The refiner posted revenue of $9.14 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $8.26 billion.