PBF Energy Inc. (PBF) reported Loss for its fourth quarter that increased from the same period last year and missed the Street estimates.
The company's bottom line came in at -$289.3 million, or -$2.54 per share. This compares with -$48.4 million, or -$0.40 per share, last year.
Excluding items, PBF Energy Inc. reported adjusted earnings of -$324.5 million or -$2.82 per share for the period.
Analysts on average had expected the company to earn -$2.78 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 19.6% to $7.351 billion from $9.138 billion last year.
PBF Energy Inc. earnings at a glance (GAAP) :
-Earnings: -$289.3 Mln. vs. -$48.4 Mln. last year.
-EPS: -$2.54 vs. -$0.40 last year.
-Revenue: $7.351 Bln vs. $9.138 Bln last year.
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