Delek US Holdings Inc. Q4 Loss Increases, But Beats Estimates

Delek US Holdings

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(RTTNews) - Delek US Holdings Inc. (DK) released Loss for its fourth quarter that decreased from the same period last year and beat the Street estimates.

The company's bottom line totaled -$413.8 million, or -$6.55 per share. This compares with -$164.9 million, or -$2.57 per share, last year.

Excluding items, Delek US Holdings Inc. reported adjusted earnings of -$160.5 million or -$2.54 per share for the period.

Analysts on average had expected the company to earn -$2.82 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 39.8% to $2.373 billion from $3.942 billion last year.

Delek US Holdings Inc. earnings at a glance (GAAP) :

-Earnings: -$413.8 Mln. vs. -$164.9 Mln. last year. -EPS: -$6.55 vs. -$2.57 last year. -Revenue: $2.373 Bln vs. $3.942 Bln last year.