HollyFrontier (HFC) Tops Q2 EPS by 19c
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HollyFrontier Corporation Reports Quarterly Results and Announces Regular Cash Dividend
August 2, 2017 6:30 AM EDTDALLAS--(BUSINESS WIRE)-- HollyFrontier Corporation (NYSE: HFC) (HollyFrontier or the Company) today reported second quarter net income attributable to HollyFrontier stockholders of $57.8 million or $0.33 per diluted share for the quarter ended June 30, 2017, compared to net loss of $(409.4) million or $(2.33) per diluted share for the quarter ended June 30, 2016.
The second quarter included several special items that together reduced net income by a total of $58.2 million. On a pre-tax basis, these items included a lower of cost or market inventory valuation charge of $84.0 million, long-lived asset impairment charges of $23.2 million, incremental cost of products sold attributable to our... More
