Ultramar Diamond Easily Beats Third-Quarter Estimates - TheStreet

Ultramar Diamond Shamrock

(UDS)

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.