Tesoro Corporation Reveals 100% Increase In Q3 Profit

(RTTNews) - Tesoro Corporation (TSO) reported a profit for its third quarter that climbed compared to the same period last year.

The company said its bottom line came in at $802 million, or $6.48 per share. This was higher than $401 million, or $3.09 per share, in last year's third quarter.

The company said revenue for the quarter fell 30.6% to $7.74 billion. This was down from $11.15 billion last year.

Tesoro Corporation earnings at a glance:

-Earnings (Q3): $802 Mln. vs. $401 Mln. last year. -Earnings Growth (Y-o-Y): 100% -EPS (Q3): $6.48 vs. $3.09 last year. -EPS Growth (Y-o-Y): 109.7% -Revenue (Q3): $7.74 Bln vs. $11.15 Bln last year. -Revenue Change (Y-o-Y): -30.6%