Reuters: Hot Stocks: UPDATE 1-Valero reports quarterly profit that tops Street

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UPDATE 1-Valero reports quarterly profit that tops Street Apr 30th 2013, 12:51 Tue Apr 30, 2013 8:51am EDT April 30 (Reuters) - Valero Energy Corp on Tuesday reported a first-quarter profit that topped analyst expectations, helped by higher margins for diesel and jet fuel. Valero also said it would evaluate the creation of a master limited partnership (MLP) for its logistics assets following the spinoff of its retail business. Valero, based in San Antonio, had a profit of $654 million, or $1.18 per share, compared with a loss of $432 million, or 78 cents a year before, when the company took a charge related to its plant in Aruba. Analysts on average had expected a profit of $1.00 per share, according to Thomson Reuters I/B/E/S. Shares of Valero rose 3 percent in premarket trading. (Reporting by Anna Driver; Editing by Gerald E. McCormick)

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