Phillips 66 Earnings Drop 22% In Q4

(RTTNews) - Phillips 66 (PSX) revealed a profit for fourth quarter that fell compared to the same period last year.

The company said its profit dropped to $710 million, or $1.31 per share. This was down from $913 million, or $1.63 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Phillips 66 earnings at a glance:

-Earnings (Q4): $710 Mln. vs. $913 Mln. last year. -Earnings Decline (Y-o-Y): -22.2% -EPS (Q4): $1.31 vs. $1.63 last year. -EPS Decline (Y-o-Y): -19.6% -Analysts Estimate: $1.25