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Phillips 66: 4Q Earnings Snapshot

February 8, 2019

HOUSTON (AP) _ Phillips 66 (PSX) on Friday reported fourth-quarter earnings of $2.24 billion.

On a per-share basis, the Houston-based company said it had profit of $4.82. Earnings, adjusted for non-recurring costs, were $4.87 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.76 per share.

The oil refiner posted revenue of $29.84 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $35.51 billion.

For the year, the company reported profit of $5.6 billion, or $11.80 per share. Revenue was reported as $114.22 billion.

Phillips 66 shares have climbed 6.5 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed almost 8 percent. The stock has fallen 4 percent in the last 12 months.


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

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