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Phillips 66 Adj. EPS Miss Estimates
(RTTNews) - Energy company Phillips 66 (PSX) reported Tuesday that fourth-quarter consolidated earnings surged to $1.88 billion or $3.97 per share from $1.27 billion or $2.94 per share in the prior-year quarter.
Excluding special items, adjusted earnings were $4.00 per share, compared to $2.94 per share in the prior-year quarter.
On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $4.35 per share for the quarter. Analysts' estimates typically exclude special items.
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