Earnings Preview: Valero

Published on Monday, 26 July 2010 12:12 Written by Christian Paolinetti

New York, July 26th (TradersHuddle.com) - Shares of Valero Energy Corporation (NYSE:VLO) are trading higher by +2.28% ahead of its quarterly earnings release. Valero, the independent petroleum refining and marketing company is expected to release its quarterly results on July 27^th.

Wall Street Analysts consensus calls for a profit of $0.7 a share on $21.59 billion revenue.

Valero estimates have a range of $0.46 a share. The high estimate calls for profit of $0.87 a share and the low estimate is calling for a profit of $0.41 a share, a year ago for the quarter the company reported $-0.48 a share.

Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company that owns and operates refineries in the United States, Canada, and Aruba. The Company produces conventional gasolines, distillates, jet fuel, asphalt, and a series of petrochemicals and lubricants.