Alon USA Energy, Inc. (ALJ) Wednesday reported first-quarter profit of $54.2 million or $0.86 per share, compared to a loss of $29.4 million or $0.52 per share in the same period last year.
Adjusted earnings for the quarter was $54.2 million or $0.86 per share. On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.51 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues dropped to $1.65 billion from $1.79 billion last year. Analysts expected revenues of $1.53 billion.
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