PBF Energy: 3Q Earnings Snapshot

October 31, 2018

PARSIPPANY, N.J. (AP) _ PBF Energy Inc. (PBF) on Wednesday reported third-quarter profit of $179.5 million.

On a per-share basis, the Parsippany, New Jersey-based company said it had profit of $1.50. Earnings, adjusted for non-recurring gains, came to $1.13 per share.

The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The refiner posted revenue of $7.65 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $6.51 billion.

PBF Energy shares have risen 14 percent since the beginning of the year. The stock has climbed 44 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 PBF at https://www.zacks.com/ap/PBF