UPDATE: Western Refining Posts Wider Q4 Loss

Western Refining Inc WNR posted a wider fourth-quarter loss. Western Refining posted a quarterly loss of $64.6 million, or $0.72 per share, versus a year-ago loss of $7.6 million, or $0.09 per share. Excluding items, Western Refining earned $0.48 per share. Its revenue surged 22% to $2.28 billion. However, analysts were expecting a profit of $0.75 per share on revenue of $2.26 billion. Western Refining shares dropped 1.69% to $18.00 in pre-market trading.