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Sunoco
SUN posted a profit in the second quarter.
Sunoco posted its quarterly profit at $248 million, or $2.35 per share, versus a year-ago loss of $125 million, or $1.03 per share. Excluding other items, Sunoco's adjusted earnings came in at $1.22 per share. However, analysts were expecting earnings of $0.48 per share.
Revenue climbed 8.5% to $12.22 billion. Sunoco's refining segment posted a profit of $87 million, versus a year-ago loss of $44 million.
Sunoco shares closed at $47.37 yesterday.
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