HollyFrontier (HFC) Misses Q4 EPS by 6c
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HollyFrontier Corporation Reports Quarterly Net Income
February 24, 2016 6:30 AM ESTDALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) (HollyFrontier or the Company) today reported a fourth quarter net loss attributable to HollyFrontier stockholders of $43.9 million or $(0.24) per diluted share for the quarter ended December 31, 2015, compared to a net loss of $222.2 million or $(1.13) per diluted share for the quarter ended December 31, 2014. Included in the current quarter results was a non-cash inventory valuation charge that decreased after-tax earnings by $88.0 million or $0.48 per share compared to $244.0 million or $1.25 per share for the quarter ended December 31, 2014. Excluding this inventory valuation charge, after-tax earnings were $44.1 million, or $0.24 per share compared to $21.8... More
