Tesoro: Refining Its Way Higher
October 31, 2014 at 13:36 PM EDT
Shares of Tesoro (TSO) are surging today after the oil refiner reported solid profits thanks to wider profit margins. Reuters Tesoro reported a profit of $3.06 a share, easily topping forecasts for $2.15 a share, on revenue of $11.15 billion, below forecasts for $11.33 billion. Cowen’s Sam Margolin and Jason Gabelman explain how Tesoro beat [...]
