Thursday, April 26, 2007

UPDATE 1-Valero earnings beat Wall Street, ups buybacks

(Reuters) - Stronger refining margins lifted the San Antonio-based company's net income to $1.1 billion, or $1.86 per share, from $849 million or $1.32 a share, a year earlier.

On average, analysts had expected first-quarter earnings to be $1.80 per share, according to data compiled by Reuters Estimates.


Read more at Reuters.com Bonds News

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