FX.co ★ Valero Energy Corp. Q4 Profit Decreases, but beats estimates

Valero Energy Corp. recently announced its fourth quarter earnings, which, while lower than last year, surpassed Wall Street expectations. The company's net income counted $1.20 billion, equating to $3.55 per share. This is a drop compared to last year's fourth quarter when it came in at $3.11 billion, or $8.15 per share.

When factoring out one-time items, the adjusted earnings of Valero Energy Corp. were reported as $1.20 billion or $3.55 per share during this period. Industry analysts had predicted a lower figure of $2.95 per share, according to compiled data by Thomson Reuters. It should be noted that these estimates typically exclude extraordinary items.

In terms of revenue, the company experienced a dip of 15.2% in the fourth quarter, slipping to $35.41 billion from the $41.75 billion recorded during the same period last year.

Looking at Valero Energy Corp.'s earnings at a glance (based on GAAP):

- Quarter 4 earnings equaled $1.20 billion, a decrease from last year's figure of $3.11 billion.

- EPS for Quarter 4 came to $3.55, which is a drop from $8.15 last year.

- Analysts had predicted an EPS of $2.95.

- Quarter 4 revenue was $35.41 billion, less than the $41.75 billion seen the previous year.