SAN ANTONIO (AP) - Valero Energy Corp. (VLO) on Thursday reported third-quarter profit of $609 million.
On a per-share basis, the San Antonio-based company said it had net income of $1.48.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.
The oil refiner posted revenue of $27.25 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $24.59 billion.
Valero Energy shares have climbed 25% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. The stock has climbed slightly more than 2% in the last 12 months.
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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
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