Valero Energy Q4 Sales $35.41B Miss $35.69B Estimate
Portfolio Pulse from Benzinga Newsdesk
Valero Energy (NYSE:VLO) reported Q4 earnings of $3.55 per share, surpassing the consensus estimate of $2.95 by 20.34%. However, their quarterly sales of $35.41 billion fell short of the expected $35.69 billion by 0.78%, marking a 15.17% decrease from the same period last year.

January 25, 2024 | 11:39 am
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Valero Energy exceeded Q4 EPS estimates but missed on revenue targets, with a significant year-over-year decline in sales.
While Valero Energy's earnings per share exceeded expectations, the miss on revenue and the year-over-year decline in sales could create mixed sentiments among investors. The EPS beat may provide some positive sentiment, but the revenue miss and sales decline are likely to temper any potential stock price gains, leading to a neutral short-term impact.
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