Investing.com - Valero Energy (NYSE:VLO) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Valero Energy announced earnings per share of $-1.73 on revenue of $20.81B. Analysts polled by Investing.com anticipated EPS of $-1.56 on revenue of $18.58B.
Valero Energy shares are up 35% from the beginning of the year and are trading at $70.30 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.11% from the start of the year.
Valero Energy follows other major Energy sector earnings this month
Valero Energy's report follows an earnings beat by Baker Hughes A on Wednesday, who reported EPS of $0.12 on revenue of $4.78B, compared to forecasts EPS of $0.1113 on revenue of $4.8B.
Halliburton had beat expectations on Wednesday with first quarter EPS of $0.19 on revenue of $3.45B, compared to forecast for EPS of $0.1669 on revenue of $3.35B.
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