Andeavor: 2Q Earnings Snapshot

August 6, 2018

SAN ANTONIO (AP) _ Andeavor (ANDV) on Monday reported second-quarter earnings of $515 million.

On a per-share basis, the San Antonio-based company said it had net income of $3.38. Earnings, adjusted for non-recurring costs, came to $3.54 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.96 per share.

The oil refiner posted revenue of $12.47 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $12.36 billion.

Andeavor shares have risen 30 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $148.39, an increase of 52 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANDV at https://www.zacks.com/ap/ANDV

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