Valero Energy Corp (VLO) reported fourth quarter net loss of $1.4 billion or $2.51 per share, compared to net loss of $3.28 billion or $6.36 per share last year.
Loss per share from continuing operations was $0.32, narrower than $6.22 in the same quarter a year earlier.
Loss from continuing operations, excluding special items, was $155 million, or $0.28 per share, compared to income from continuing operations, excluding special items, of $795 million, or $1.53 per share a year ago.
On average, 15 analysts polled by Thomson Reuters expected the company to report loss of $0.47 per share. Analysts' estimates typically exclude special items.
Operating revenues grew to $18.87 billion from $17.83 billion in the same quarter a year earlier.
Four analysts estimated revenues of $18.34 billion.
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