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Refiner Phillips 66 posts third-quarter profit below estimates

2023-10-27 19:26
Refiner Phillips 66 reported a third-quarter profit on Friday that missed analysts' estimates, hurt by maintenance activities that
Refiner Phillips 66 posts third-quarter profit below estimates

Refiner Phillips 66 reported a third-quarter profit on Friday that missed analysts' estimates, hurt by maintenance activities that hit throughput volumes.

On an adjusted basis, the company earned $4.63 per share in the quarter, compared with estimates of $4.76, according to LSEG data.

(Reporting by Seher Dareen in Bengaluru; Editing by Shounak Dasgupta)