Sunoco Inc. (SUN) swung to a third-quarter loss on a big write-down tied to its decision to exit the refining business, masking a surprise surge in revenue. Shares were off 2.9% to $37 in after-hours trading as adjusted earnings just missed estimates. ... Sunoco Swings To 3Q Loss On Write-Down, Revenue Surges
Wednesday, November 2, 2011
Sunoco Swings To 3Q Loss On Write-Down, Revenue Surges
Sunoco Inc. (SUN) swung to a third-quarter loss on a big write-down tied to its decision to exit the refining business, masking a surprise surge in revenue. Shares were off 2.9% to $37 in after-hours trading as adjusted earnings just missed estimates. ... Sunoco Swings To 3Q Loss On Write-Down, Revenue Surges
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