Investing.com - Valero Energy (NYSE:VLO) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Valero Energy announced earnings per share of $1.22 on revenue of $29.52B. Analysts polled by Investing.com anticipated EPS of $0.8593 on revenue of $24.85B.
Valero Energy shares are up 33% from the beginning of the year and are trading at $81.04 , down-from-52-week-high.They are outperforming the S&P 500 which is up 20.77% 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 Halliburton on Tuesday, who reported EPS of $0.28 on revenue of $3.86B, compared to forecasts EPS of $0.2765 on revenue of $3.9B.
Baker Hughes had missed expectations on Wednesday with third quarter EPS of $0.16 on revenue of $5.09B, compared to forecast for EPS of $0.2138 on revenue of $5.33B.
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