Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.
Valero Outshines Analyst Estimates
Description
Valero Energy Corp ($VLO@US) posted a quarterly profit that far exceeded analyst estimates on Thursday. With a 3rd quarter profit of $1.22 per share, the firm rose a full 30 cents above investor expectations. This earnings report comes despite a massive increase in global oil prices, which generally cause oil company profits to drop. CEO Joe Gorder said, “We saw significant improvement in refining margins in the third quarter as economic activity and mobility continued to recover in key markets.” Valero stock rose over a percent in early trading.
Keywords & Tags
#earnings
#finance
#business
#CEO
#earnings season
#commodities
#rebound
#services
#oil
#natural gas
#profit
#demand
#economic activity
#gas
#energy
#supply
#import
#export
#Fuel
#analyst estimates
#Oil Companies
#annual report
#quarterly results
#economic goods
#resources
#basic goods
#energy exports
#quarterly report
#3rd quarter
#Valero
#Beat Analyst Estimates
#Gasoline Demand
#massive increase
#global oil prices
#Joe Gorder
#refining margins
#Valero stock
More from User
00:57
Home Sellers Exit Market
Benzinga
00:39
Senate Strips Ballroom Funding
Benzinga
00:48
Quantinuum IPO Prices at $60
Benzinga
00:56
Manning Targets Youth Sports
Benzinga
00:55
Dollar Holds Steady
Benzinga
00:44
Amazon Staff Rebel
Benzinga
Related Videos
00:40
Goldman Sachs Beats Analyst Estimates with Q3 Earnings Estimates
Benzinga
01:56
Cisco soars after quarterly revenue tops analysts’ estimates
Mint
00:46
Coca-Cola Beats Estimates with Strong Quarterly Earnings and Revenue
Benzinga
00:37
Coca-Cola Surpasses Q3 Analyst Estimates As High Prices Boost Earnings
Benzinga
00:38
Nvidia Shares Soar 14% on Impressive Q4 Earnings, Beat Analyst Estimates; Here Are All The Details
Benzinga
00:49
FedEx Beats Analyst Estimates with Strong Q4 Earnings and Revenue, on Track to Achieve $4 Billion Cost-Cutting Goal by 2025
Benzinga