PBF Energy: Q3 Earnings Snapshot

PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — PBF Energy Inc. (PBF) on Thursday reported third-quarter profit of $170.1 million.

The Parsippany, New Jersey-based company said it had profit of $1.45 per share. Losses, adjusted for non-recurring gains, came to 52 cents per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 69 cents per share.

The refiner posted revenue of $7.65 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $7.52 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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