-+ 0.00%
-+ 0.00%
-+ 0.00%
Valvoline: Fiscal Q3 Earnings Snapshot
Share
Listen to the news

LEXINGTON, Ky. (AP) — LEXINGTON, Ky. (AP) — Valvoline Inc. (VVV) on Wednesday reported fiscal third-quarter earnings of $64.5 million.

The Lexington, Kentucky-based company said it had profit of 51 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 57 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The automotive and industrial lubricants maker posted revenue of $544.6 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $536.6 million.

Valvoline expects full-year earnings in the range of $1.70 to $1.75 per share, with revenue in the range of $2.05 billion to $2.1 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VVV at https://www.zacks.com/ap/VVV

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending