Phillips 66 Announces 66% Decline In Q3 Bottom Line

(RTTNews) - Phillips 66 (PSX) revealed a profit for third quarter that lost ground from last year.

The company said its bottom line fell to $556 million, or $1.05 per share. This was down from $1647 million, or $3.02 per share, in last year's third quarter.

Analysts had expected the company to earn $0.88 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Phillips 66 earnings at a glance:

-Earnings (Q3): $556 Mln. vs. $1647 Mln. last year. -Earnings Decline (Y-o-Y): -66.2% -EPS (Q3): $1.05 vs. $3.02 last year. -EPS Decline (Y-o-Y): -65.2% -Analysts Estimate: $0.88