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Delek US Holdings Swings to Q2 Adjusted Loss as Revenue Falls; Results Beat Street View -- Shares Gain
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Delek US Holdings Swings to Q2 Adjusted Loss as Revenue Falls; Results Beat Street View -- Shares Gain
Aug 6, 2024 7:06 AM

09:43 AM EDT, 08/06/2024 (MT Newswires) -- Delek US Holdings ( DK ) shares were up more than 2% in recent Tuesday trading after the downstream energy company posted better-than-expected Q2 results.

The company reported a Q2 adjusted loss of $0.92 per share, swinging from earnings of $1 a year earlier.

Analysts polled by Capital IQ expected a loss of $1.33.

Net revenue for the quarter ended June 30 was $3.42 billion, down from $4.20 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.31 billion.

Price: 22.32, Change: +0.40 , Percent Change: +2.69

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