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Valero Energy beats expectations with $6.83 billion in Q3 net income

Associated Press +1 ·

VLO Valero Energy Corp
$436.75 +0.77%
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  1. 1Valero Energy recorded a Q3 net income of $6.83 billion.
  2. 2Valero Energy's earnings per share of $23.89 exceeded the $21.28 estimate from 5 analysts surveyed by Zacks Investment Research.
  3. 3Valero Energy's revenue of $46.1 billion also surpassed market expectations.

So what's the key point?

Valero Energy earned $6.83 billion in net income during the third quarter. Both profits and revenue were higher than what experts had predicted.

Source Associated Press +1 · View original ↗

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