Valero (VLO) Q1 Earnings Beat Estimates, Revenues Miss
Valero(VLO) Zacks Investment Research·2024-04-25 23:16
Valero Energy Corporation (VLO) reported first-quarter 2024 adjusted earnings of $3.82 per share, which beat the Zacks Consensus Estimate of $3.18. However, the bottom line declined from $8.27 reported in the year-ago quarter.Total quarterly revenues decreased from $36,439 million in the prior-year quarter to $31,759 million. The top line also missed the Zacks Consensus Estimate of $32,826 million.Better-than-expected quarterly earnings were primarily driven by a decline in total cost of sales. Segmental Pe ...