Investing.com - Valero Energy (NYSE:VLO) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.34 on revenue of $24.26M. Analysts polled by Investing.com anticipated EPS of $0.27 on revenue of $22.85B. That compared to EPS of $1 on revenue of $26.44B in the same period a year earlier. The company had reported EPS of $2.12 on revenue of $28.73B in the previous quarter.
For the year, Valero Energy shares are up 17.02%, under-performing the S&P 500 which is up 18.18% year to date.
Valero Energy follows other major Energy sector earnings this month
On Wednesday, ENI ADR reported first quarter EPS of $0.63 on revenue of $20.77B, compared to forecasts of EPS of $0.68 on revenue of $20.27B.
Schlumberger earnings matched analyst's expectations on Thursday, April 18, 2019, with first quarter EPS of $0.3 on revenue of $7.88B. Investing.com analysts expected EPS of $0.3 on revenue of $7.81B
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