Valero issues above consensus Q4 earnings guidance, +4% AH

|About: Valero Energy Corporation (VLO)|By:, SA News Editor

In a Q4 interim update, Valero Energy (VLO) says it expects Q4 adjusted EPS of $1.60-$1.80 vs $0.93 analyst consensus estimate.

VLO sees refining operating income to be nearly as high as Q4 2012 primarily due to higher throughput volumes and slightly wider discounts for sour crude oil, and ethanol operating income is expected to be significantly higher Y/Y in Q4 due mainly to higher gross margins and production volumes.

Shares +4.1% AH.