PBF Energy Stock Falls 2% as Q3 Earnings Lag, Dividend Raised

Shares of PBF Energy Inc. (PBF) declined 1.6% since it reported lower-than-expected third-quarter 2024 earnings on Oct. 31.The company reported a third-quarter 2024 adjusted loss of $1.50 per share, wider than the Zacks Consensus Estimate of $1.40. The bottom line also compared unfavorably with the year-ago quarter’s reported earnings of $6.61.Total quarterly revenues declined to $8.38 billion from $10.73 billion in the prior-year quarter. However, the top line beat the Zacks Consensus Estimate of $8.12 bil ...