PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — PBF Energy Inc. (PBF) on Thursday reported a loss of $401.8 million in its first quarter.
The Parsippany, New Jersey-based company said it had a loss of $3.53 per share. Losses, adjusted for non-recurring costs, were $3.09 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of $3.50 per share.
The refiner posted revenue of $7.07 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $6.47 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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