Analyst Lowers Holly '09 EPS View On Dim Outlook

NEW YORK (AP) — Despite Holly Corp.'s strong first-quarter results, a continued deterioration in demand and challenging industry fundamentals will pressure the petroleum refiner, an analyst said as she lowered her profit estimate for the company.

Shares of the company tumbled 99 cents, or 3.9 percent, to $24.16 in midday trading.

Last week, Holly posted a first-quarter profit well above Wall Street expectations, crediting lower crude oil costs for boosting margins and offsetting weaker volumes. ...