Latest News by Industry
HOUSTON (AP) — HOUSTON (AP) — Phillips 66 (PSX) on Wednesday reported fourth-quarter earnings of $1.26 billion.
On a per-share basis, the Houston-based company said it had net income of $2.86. Earnings, adjusted for one-time gains and costs, came to $3.09 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.37 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PSX at https://www.zacks.com/ap/PSX