San Antonio-based Valero Energy misses 1Q profit forecasts

SAN ANTONIO (AP) — Valero Energy Corp. has reported first-quarter earnings of $495 million.

The San Antonio-based company said Tuesday that it had a per-share profit of $1.05. Earnings, adjusted for non-recurring gains, were 60 cents per share.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The oil refiner posted revenue of $15.71 billion in the period.

MEDIA GENERAL may allow you to upload, post, transmit or otherwise provide content to MEDIA GENERAL Web sites, including, but not limited to, photos, video, audio, comments, articles, blogs, forums and any other such communication in which you provide content to the Web site ("User Content"). You agree that you are solely responsible for your communications and any content you provide. Read full terms and conditions of use by clicking here.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s