UPDATE: HollyFrontier Posts Downbeat Q4 Profit

HollyFrontier Corp

reported a rise in its fourth-quarter net profit. HollyFrontier's quarterly net profit climbed to $223.4 million, or $1.06 per share, versus $14.7 million, or $0.13 per share, in the year-earlier period. Its revenue jumped 125% to $5 billion. However, analysts were expecting earnings of $1.27 per share on revenue of $4.3 billion. HollyFrontier shares dropped 0.42% to $33.00 in pre-market trading.