Valero (VLO) Beats Q4 Earnings Estimates, Hikes Dividend
VLOValero(VLO) Zacks Investment Research·2024-01-26 01:20

Valero Energy Corporation (VLO) has reported fourth-quarter 2023 adjusted earnings of 3.55pershare,beatingtheZacksConsensusEstimateof3.55 per share, beating the Zacks Consensus Estimate of 2.95 per share. However, the bottom line significantly declined from the 8.45reportedintheyearagoquarter.Totalquarterlyrevenuesdippedfrom8.45 reported in the year-ago quarter. Total quarterly revenues dipped from 41,746 million in the prior-year quarter to 35,414million.ThetoplinealsomissedtheZacksConsensusEstimateof35,414 million. The top line also missed the Zacks Consensus Estimate of 37,115 million. Better-than-expected quarterly earnings were primarily driven by a decline in tota ...