Andeavor: 2Q Earnings Snapshot
Aug. 06, 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.