HOUSTON (AP) — HOUSTON (AP) — Phillips 66 (PSX) on Tuesday reported third-quarter net income of $346 million.

The Houston-based company said it had profit of 82 cents per share. Earnings, adjusted for one-time gains and costs, came to $2.04 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PSX at https://www.zacks.com/ap/PSX