Phillips 66 (PSX) Q1 Earnings Miss Estimates

Phillips 66 (PSX) came out with quarterly earnings of $1.90 per share, missing the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $4.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.32%. A quarter ago, it was expected that this oil refiner would post earnings of $2.37 per share when it actually produced earnings of $3.09, delivering a surprise of 30.38%.Over the last four quarters, the company h ...