Phillips 66 Reports 88% Retreat In Q4 Bottom Line

(RTTNews) - Phillips 66 (PSX) reported earnings for fourth quarter that decreased compared to the same period last year.

The company said its earnings totaled $83 million, or $0.16 per share. This was lower than $710 million, or $1.31 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Phillips 66 earnings at a glance:

-Earnings (Q4): $83 Mln. vs. $710 Mln. last year. -Earnings Decline (Y-o-Y): -88.3% -EPS (Q4): $0.16 vs. $1.31 last year. -EPS Decline (Y-o-Y): -87.8% -Analysts Estimate: $0.40