Investing.com - Phillips 66 (NYSE:PSX) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.4 on revenue of $23.66B. Analysts polled by Investing.com forecast EPS of $0.34 on revenue of $24.74B. That compared to EPS of $1.04 on revenue of $23.83B in the same period a year earlier. The company had reported EPS of $4.87 on revenue of $29.47B in the previous quarter.
For the year, Phillips 66 shares are up 10.69%, under-performing the S&P 500 which is up 18.82% year to date.
Phillips 66 follows other major Energy sector earnings this month
On Friday, Exxon Mobil reported first quarter EPS of $0.55 on revenue of $63.63B, compared to forecasts of EPS of $0.7 on revenue of $63B.
Chevron earnings beat analyst's expectations on Friday, with first quarter EPS of $1.32 on revenue of $35.2B. Investing.com analysts expected EPS of $1.3 on revenue of $38.42B
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