Sunoco LP Q1 Earnings Rise 26%

(RTTNews) - Sunoco LP (SUN) released a profit for its first quarter that rose compared to the same period last year.

The company said its bottom line totaled $62.01 million, or $0.47 per share. This was up from $49.31 million, or $0.44 per share, in last year's first quarter.

Analysts had expected the company to earn $0.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 26.3% to $3.20 billion. This was down from $4.34 billion last year.

Sunoco LP earnings at a glance:

-Earnings (Q1): $62.01 Mln. vs. $49.31 Mln. last year. -Earnings Growth (Y-o-Y): 25.8% -EPS (Q1): $0.47 vs. $0.44 last year. -EPS Growth (Y-o-Y): 6.8% -Analysts Estimate: $0.58 -Revenue (Q1): $3.20 Bln vs. $4.34 Bln last year. -Revenue Change (Y-o-Y): -26.3%