Phillips 66 Q1 Profit Tops Estimates - Quick Facts

(RTTNews) - Phillips 66 (PSX), an energy manufacturing and logistics company, reported that its first-quarter income from continuing operations to shareholders increased to $987 million from $866 million, last year. Earnings per share from continuing operations was $1.79, compared to $1.47. First-quarter net earnings were $987 million or $1.79 per share, compared to $1.57 billion or $2.67 per share, last year. Adjusted earnings was $834 million or $1.51 per share, for the quarter.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $1.43 for the quarter. Analysts' estimates typically exclude special items.

Total Revenues and Other Income decreased to $23.43 billion from $41.10 billion, a year ago. Analysts expected revenue of $31.67 billion for the quarter.