Valero Energy posts 1Q profit, results top Street expectations

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SAN ANTONIO — Valero Energy Corp. (VLO) on Tuesday reported first-quarter earnings of $964 million.

On a per-share basis, the San Antonio-based company said it had profit of $1.87.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.

The oil refiner posted revenue of $21.33 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $15.8 billion.

Valero Energy shares have increased 20 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 2 percent. The stock has risen almost 5 percent 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 http://www.zacks.com/ap/VLO

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Keywords: Valero Energy, Earnings Report

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