PARSIPPANY, N.J. (AP) — PARSIPPANY, N.J. (AP) — PBF Energy Inc. (PBF) on Thursday reported fourth-quarter net income of $78.4 million.
On a per-share basis, the Parsippany, New Jersey-based company said it had net income of 66 cents. Earnings, adjusted for non-recurring gains, came to 49 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The refiner posted revenue of $7.14 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $6.98 billion.
For the year, the company reported a loss of $158.5 million, or $1.39 per share. Revenue was reported as $29.33 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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