Western Refining Lags EPS
Oil refiner and marketer Western Refining Inc. (NYSE:WNR) came out with weaker-than-expected third-quarter 2011 results, hurt by lower refinery throughput and higher operating costs. The company reported earnings per share of $1.37, missing the Zacks Consensus Estimate of $1.40. However, results improved considerably from the third-quarter 2010 profit of 8 cents per share amid higher [...]
Oil refiner and marketer Western Refining Inc. (NYSE:WNR) came out with weaker-than-expected third-quarter 2011 results, hurt by lower refinery throughput and higher operating costs.
The company reported earnings per share of $1.37, missing the Zacks Consensus Estimate of $1.40. However, results improved considerably from the third-quarter 2010 profit of 8 cents per share amid higher refining margins.
Net sales of $2.39 billion were up 17.7% from the year-ago level and also outpaced the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards