Phillips 66 Profit Declines 18% In Q1

(RTTNews) - Phillips 66 (PSX) revealed earnings for first quarter that dropped from last year.

The company said its earnings totaled $294 million, or $0.56 per share. This was down from $360 million, or $0.67 per share, in last year's first quarter.

Analysts had expected the company to earn $0.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Phillips 66 earnings at a glance:

-Earnings (Q1): $294 Mln. vs. $360 Mln. last year. -Earnings Decline (Y-o-Y): -18.3% -EPS (Q1): $0.56 vs. $0.67 last year. -EPS Decline (Y-o-Y): -16.4% -Analysts Estimate: $0.05