Ultramar Diamond Shamrock
posted third-quarter earnings that easily exceeded analysts' expectations, as the period was helped by profits from the addition of the Avon refinery.
Excluding items, the refining company earned $132.9 million, or $1.53 a share, up from $83.4 million or 96 cents a share, in the year-ago period. Fifteen analysts polled by
First Call/Thomson Financial
produced a consensus estimate of $1.03 a share.
Revenue rose to $4.52 billion from $3.84 billion last year.