Valero Energy Corp. Q1 adjusted earnings Beat Estimates

(RTTNews) - Valero Energy Corp. (VLO) announced a profit for its first quarter that climbed from the same period last year.

The company's profit came in at $469 million, or $1.09 per share. This compares with $305 million, or $0.68 per share, in last year's first quarter.

Excluding items, Valero Energy Corp. reported adjusted earnings of $431 million or $1.00 per share for the period.

Analysts had expected the company to earn $0.95 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 21.5% to $26.44 billion from $21.77 billion last year.

Valero Energy Corp. earnings at a glance:

-Earnings (Q1): $431 Mln. vs. $305 Mln. last year. -EPS (Q1): $1.00 vs. $0.68 last year. -Analysts Estimate: $0.95 -Revenue (Q1): $26.44 Bln vs. $21.77 Bln last year.