HollyFrontier (HFC) Tops Q2 EPS by 30c, Revenues Beat
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HollyFrontier posts smaller-than-feared loss as demand picks up
August 6, 2020 6:37 AM EDTBy Shradha Singh
(Reuters) - U.S. refiner HollyFrontier Corp (NYSE: HFC) posted a smaller-than-expected loss on Thursday as demand for its products picked up in the quarter due to easing of coronavirus-led travel restrictions.
Dallas, Texas-based HollyFrontier said demand for transportation fuels and lubricants stabilized and improved late in the quarter as economic activity began to pick up worldwide with easing of lockdowns.
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