Valvoline: Fiscal First Quarter Earnings Overview
Valvoline Inc. Reports First Quarter Financial Results
Valvoline Inc., headquartered in Lexington, Kentucky, announced a net loss of $32.8 million for its fiscal first quarter.
The company reported a per-share loss of 26 cents. After adjusting for one-time expenses and discontinued operations, adjusted earnings were 37 cents per share.
These adjusted earnings exceeded analyst expectations, as a consensus of six analysts polled by Zacks Investment Research had anticipated earnings of 34 cents per share.
Valvoline, a producer of automotive and industrial lubricants, generated $461.8 million in revenue during the quarter. This figure was slightly below the $462.1 million forecasted by five analysts surveyed by Zacks.
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