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Phillips 66 misses first-quarter profit estimates
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Phillips 66 misses first-quarter profit estimates
Apr 26, 2024 4:21 AM

April 26 (Reuters) - Refiner Phillips 66 missed

quarterly profit estimates on Friday, hurt by a slump in

refining margins following a decline in fuel prices.

The Houston-based company reported adjusted earnings of

$1.90 per share for the three months ended March 31, compared

with analysts' estimates of $2.17 per share, according to LSEG

data.

(Reporting by Sourasis Bose in Bengaluru; Editing by Shounak

Dasgupta and Shinjini Ganguli)

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