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


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.

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Comments (3)
  • Trader's Profit Compass
    , contributor
    Comments (2054) | Send Message
     
    Refiners are going to blow up tomorrow.......BOO-YAH
    22 Jan 2014, 05:51 PM Reply Like
  • PEMINC
    , contributor
    Comments (159) | Send Message
     
    Sounds ominous. You know something?
    22 Jan 2014, 11:34 PM Reply Like
  • scarman59
    , contributor
    Comments (50) | Send Message
     
    VLO actually positive currently for first time this week....when are they going to blow TFCAB...and why? Is it because they increased their dividend?
    23 Jan 2014, 02:43 PM Reply Like
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