Delek US Holdings Inc. (DK) Stock Price Down 3.3% Following Weak Earnings

Delek US Holdings Inc. (NYSE:DK)’s share price traded down 3.3% during mid-day trading on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $15.66 and last traded at $16.35, with a volume of 959,855 shares trading hands. The stock had previously closed at $16.90.The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.09. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.33 billion. Delek US Holdings had a negative net margin of 0.90% and a negative return on equity of 0.87%. Delek US Holdings’s revenue was down 16.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 EPS.