BRENTWOOD, Tenn. (AP) — BRENTWOOD, Tenn. (AP) — Delek US Holdings Inc. (DK) on Tuesday reported a loss of $413.8 million in its fourth quarter.
The Brentwood, Tennessee-based company said it had a loss of $6.55 per share. Losses, adjusted for non-recurring costs and to account for discontinued operations, came to $2.54 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $2.89 per share.
The refinery operator posted revenue of $2.37 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $2.55 billion.
For the year, the company reported a loss of $560.4 million, or $8.77 per share. Revenue was reported as $11.85 billion.
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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
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