Valero Energy Corp. Q4 Income Drops 9%

(RTTNews) - Valero Energy Corp. (VLO) released earnings for fourth quarter that retreated compared to the same period last year.

The company said its profit came in at $862 million, or $1.79 per share. This was down from $952 million, or $1.83 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.42 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 32.6% to $18.78 billion. This was down from $27.86 billion last year.

Valero Energy Corp. earnings at a glance:

-Earnings (Q4): $862 Mln. vs. $952 Mln. last year. -Earnings Decline (Y-o-Y): -9.5% -EPS (Q4): $1.79 vs. $1.83 last year. -EPS Decline (Y-o-Y): -2.2% -Analysts Estimate: $1.42 -Revenue (Q4): $18.78 Bln vs. $27.86 Bln last year. -Revenue Change (Y-o-Y): -32.6%