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Valero Energy: 3Q Earnings Snapshot

October 25, 2018

SAN ANTONIO (AP) _ Valero Energy Corp. (VLO) on Thursday reported third-quarter net income of $856 million.

On a per-share basis, the San Antonio-based company said it had net income of $2.01.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.

The oil refiner posted revenue of $30.85 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $31.82 billion.

Valero Energy shares have declined almost 6 percent since the beginning of the year, while the Standard & Poor’s 500 index has declined nearly 1 percent. The stock has climbed 12 percent 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 VLO at https://www.zacks.com/ap/VLO

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