BRENTWOOD, Tenn. (AP) _ Delek US Holdings Inc. (DK) on Tuesday reported second-quarter profit of $87.7 million.

The Brentwood, Tennessee-based company said it had profit of $1.18 per share. Losses, adjusted for non-recurring gains, were 48 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 52 cents per share.

The refinery operator posted revenue of $1.54 billion in the period.

Delek US Holdings shares have dropped 47% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.65, a decline of 54% 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 DK at https://www.zacks.com/ap/DK

Automated Insights, source Associated Press News