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Valero Energy: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

SAN ANTONIO (AP) — SAN ANTONIO (AP) — Valero Energy Corp. (VLO) on Thursday reported second-quarter profit of $880 million.

On a per-share basis, the San Antonio-based company said it had net income of $2.71.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.61 per share.

The oil refiner posted revenue of $34.49 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $34.37 billion.

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