Valvoline (VVV) Tops Q1 EPS by 5c; Raises Outlook

(Updated - January 26, 2017 5:03 PM EST)

Valvoline (NYSE: VVV) reported Q1 EPS of $0.35, $0.05 better than the analyst estimate of $0.30. Revenue for the quarter came in at $489 million versus the consensus estimate of $473.95 million.

Sees FY 2017 EPS of $1.36-$1.43 versus prior of$1.31-$1.41 and the consensus of $1.29.

“Our strong performance in the first quarter and our ability to manage margins give us confidence that we will deliver full-year results above our prior expectations, and as a result we are raising our full-year EPS guidance,” Mitchell said. “The business has good momentum and we are well positioned for driving faster growth.”

For earnings history and earnings-related data on Valvoline (VVV) click here.

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