HOUSTON (AP) — HOUSTON (AP) — Phillips 66 (PSX) on Tuesday reported third-quarter net income of $346 million.
The Houston-based company said it had profit of 82 cents per share. Earnings, adjusted for one-time gains and costs, came to $2.04 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.
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