BRENTWOOD, Tenn. (AP) _ Delek US Holdings Inc. (DK) on Monday reported first-quarter net income of $149.3 million, after reporting a loss in the same period a year earlier.
The Brentwood, Tennessee-based company said it had net income of $1.90 per share. Earnings, adjusted for non-recurring gains, came to $1.54 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The refinery operator posted revenue of $2.2 billion in the period.
Delek US Holdings shares have climbed 11% since the beginning of the year. The stock has fallen 27% 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