Valero Energy Corp. Q3 Profit Beats Estimates

(RTTNews) - Valero Energy Corp. (VLO) revealed earnings for third quarter that beat the Street estimates.

The company's earnings came in at $2.62 billion, or $7.49 per share. This compares with $2.82 billion, or $7.19 per share, in last year's third quarter.

Excluding items, Valero Energy Corp. reported adjusted earnings of $2.62 billion or $7.49 per share for the period.

Analysts on average had expected the company to earn $7.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 13.6% to $38.40 billion from $44.45 billion last year.

Valero Energy Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $2.62 Bln. vs. $2.82 Bln. last year. -EPS (Q3): $7.49 vs. $7.19 last year. -Analyst Estimates: $7.47 -Revenue (Q3): $38.40 Bln vs. $44.45 Bln last year.