PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — PBF Energy Inc. (PBF) on Thursday reported first-quarter earnings of $198.3 million.
On a per-share basis, the Parsippany, New Jersey-based company said it had profit of $1.65. Losses, adjusted for non-recurring gains, were 88 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 79 cents per share.
The refiner posted revenue of $7.9 billion in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $6.83 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PBF at https://www.zacks.com/ap/PBF
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