SAN ANTONIO (AP) 鈥� SAN ANTONIO (AP) 鈥� Valero Energy Corp. (VLO) on Thursday reported first-quarter profit of $1.26 billion.
The San Antonio-based company said it had net income of $4.22 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.07 per share.
The oil refiner posted revenue of $32.38 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $30.88 billion.
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