Phillips 66 sees increase in earnings in first-quarter report

Phillips 66, the Houston area’s largest public company based on revenue, reported an increase in earnings year over year.

That marks a departure from the steep plunge Phillips 66 (NYSE: PSX) reported in the fourth quarter, when net profits fell $348,000 sequentially to land at $163 million. That put the earnings per share at 16 cents, significantly lower than the 40 cent-per-share consensus leading into the first quarter report, according to Yahoo Finance.

“We have successfully completed several…

Phillips 66 sees increase in earnings in first-quarter report syndicated post

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s