Phillips 66 Q3 Earnings Rise 54%

(RTTNews) - Phillips 66 (PSX) released a profit for its third quarter that rose compared to the same period last year.

The company said its bottom line advanced to $858 million, or $1.66 per share. This was up from $556 million, or $1.05 per share, in last year's third quarter.

Analysts had expected the company to earn $1.57 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 18.9% to $26.21 billion. This was up from $22.04 billion last year.

Phillips 66 earnings at a glance:

-Earnings (Q3): $858 Mln. vs. $556 Mln. last year. -Earnings Growth (Y-o-Y): 54.3% -EPS (Q3): $1.66 vs. $1.05 last year. -EPS Growth (Y-o-Y): 58.1% -Analysts Estimate: $1.57 -Revenue (Q3): $26.21 Bln vs. $22.04 Bln last year. -Revenue Change (Y-o-Y): 18.9%