Valero Energy (NYSE:VLO) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
A Valero Energy divulgou na Wednesday earnings resultados para o first que beat
Valero Energy announced earnings per share of $0.34 on revenue of $22.10B. Analysts polled by anticipated EPS of $-0.15 on revenue of $20.27B. That with comparison to EPS of $0.34 on revenue of $24.26B in the same period a year before. Valero Energy had reported EPS of $2.13 on revenue of $27.88B in the previous quarter. Analysts are expecting EPS of $-0.72 and revenue of $19.2B in the upcoming quarter.
Valero Energy shares are down 38.21% from the beginning of the year , still down 43.26% from its 52 week high of $101.99 set on November 5, 2019. They are under-performing the S&P 500 which is down 11.75% year to date.
Valero Energy follows other major Energy sector earnings this month
Valero Energy's report follows an earnings matched by BP ADR on Tuesday, who reported EPS of $0.24 on revenue of $59.54B, compared to forecasts EPS of $0.24 on revenue of $48.03B.
ENI ADR had missed expectations on Friday with first quarter EPS of $0.04 on revenue of $15.04B, compared to forecast for EPS of $0.17 on revenue of $14.45B.
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