PBF Energy: 3Q Earnings Snapshot
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.