01.11.2016 02:38:11
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Tesoro Corporation Q3 Profit Drops 78%
(RTTNews) - Tesoro Corporation (TSO) announced earnings for third quarter that dropped compared to the same period last year.
The company said its profit totaled $169 million, or $1.42 per share. This was lower than $759 million, or $6.13 per share, in last year's third quarter.
The company said revenue for the quarter fell 15.5% to $6.54 billion. This was down from $7.74 billion last year.
Tesoro Corporation earnings at a glance:
-Earnings (Q3): $169 Mln. vs. $759 Mln. last year. -Earnings Decline (Y-o-Y): -77.7% -EPS (Q3): $1.42 vs. $6.13 last year. -EPS Decline (Y-o-Y): -76.8% -Revenue (Q3): $6.54 Bln vs. $7.74 Bln last year. -Revenue Change (Y-o-Y): -15.5%
![](https://images.finanzen.at/images/unsortiert/wertpapierdepot-absichern-aktienchart-boerse-750493204-260.jpg)
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