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Refiner Phillips 66 posts third-quarter profit below estimates By Reuters

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© Reuters. FILE PHOTO: A view of the Phillips 66 Company’s Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Termina

(Reuters) – Refiner Phillips 66 (NYSE:) 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.

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Reuters

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