AP NEWS

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.

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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