By Michael Dabaie

Phillips 66 (PSX) on Tuesday reported first-quarter adjusted earnings that beat analysts' estimates.

The Houston-based energy company posted quarterly profit of $204 million, or 44 cents a share.

On an adjusted basis, earnings per share came to 40 cents. Analysts were looking for 34 cents an adjusted share, per FactSet.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

April 30, 2019 07:43 ET (11:43 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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