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HollyFrontier: 2Q Earnings Snapshot

August 2, 2018

DALLAS (AP) _ HollyFrontier Corp. (HFC) on Thursday reported second-quarter profit of $345.5 million.

On a per-share basis, the Dallas-based company said it had net income of $1.94. Earnings, adjusted for non-recurring gains, were $1.45 per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The independent energy company posted revenue of $4.47 billion in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $4.27 billion.

HollyFrontier shares have risen 44 percent since the beginning of the year. The stock has more than doubled 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 HFC at https://www.zacks.com/ap/HFC

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