Market Overview

UPDATE: Tesoro Posts Downbeat Q4 Profit

Related TSO
Wall Street's M&A Chatter From July 21-23: WebMD, Asda, GraphIQ, Tesoro-Western Refining Logistics
BP Explores Pipeline Asset Sale To Form MLP & Make It Public

Tesoro (NYSE: TSO) posted a weaker-than-expected fourth-quarter profit.

Tesoro posted a quarterly profit of $27 million, or $0.19 per share, versus a year-ago loss of $124 million, or $0.89 per share. Excluding one-time expenses, Tesoro earned $1.34 per share.

Its revenue climbed 7.3% to $8.27 billion. However, analysts were expecting a profit of $1.46 per share on revenue of $7.07 billion.

Tesoro shares fell 2.76% to $49.75 in after-hours trading.

Posted-In: profitEarnings News


Related Articles (TSO)

View Comments and Join the Discussion!