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Valero Energy posts 3Q profit, results beat Wall Street forecasts


SAN ANTONIO — Valero Energy Corp. (VLO) on Wednesday reported third-quarter profit of $1.38 billion.

The San Antonio-based company said it had profit of $2.79 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.60 per share.

The oil refiner posted revenue of $22.58 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $17.11 billion.

Valero Energy shares have climbed 26 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has climbed 29 percent in the last 12 months.


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 http://www.zacks.com/ap/VLO


Keywords: Valero Energy, Earnings Report

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