Tesoro Missed on EPS, but It's Still a Buy

Here's why Tesoro is still a buy despite the earnings miss.

Joel South
Joel South
Feb 7, 2013 at 3:33PM
Energy, Materials, and Utilities

While Tesoro (NYSE:ANDV) did miss on normalized earnings per share this past quarter, coming in at $1.34 rather than the expected $1.41, in this video, Motley Fool energy analyst Joel South looks at other positives to highlight from the company's earnings report. The company was able to increase revenue to $8.2 billion in addition to improving margins due to the current availability of cheap WTI-benchmarked crude. Joel also discusses Tesoro's plan to gain a long-term competitive advantage by securing discounted feedstock for its West Coast refineries.