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4-Traders Homepage  >  Equities  >  Nyse  >  Valero Energy Partners LP    VLP

Delayed Quote. Delayed  - 05/05 05:59:07 pm
46.7 USD   -0.91%
04:52p VALERO ENERGY : Partners misses Street 1Q forecasts
01:16p Valero Energy Partners LP Reports First Quarter 2016 Results
12:34a VALERO ENERGY P : Announces Acquisition of McKee Terminal Services B..
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Valero Energy : Partners misses Street 1Q forecasts

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05/05/2016 | 04:52pm CEST

SANANTONIO, Texas (AP) _ Valero Energy Partners LP (VLP) on Thursday reported first-quarter earnings of $43.3 million.

On a per-share basis, the Sanantonio, Texas-based company said it had net income of 61 cents.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The oil pipeline owner posted revenue of $78.8 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $82.9 million.

Valero Energy Partners shares have fallen 9 percent since the beginning of the year. The stock has fallen 8.5 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VLP at http://www.zacks.com/ap/VLP

Keywords: Valero Energy Partners, Earnings Report

Automated Insights, source Associated Press News

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