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PBF Energy Q1 Adjusted Loss Narrows, Revenue Rises; Declares Dividend

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-- PBF Energy (PBF) reported a Q1 adjusted loss Thursday of $0.88 per diluted share, narrowing from a loss of $3.09 a year earlier.

Analysts polled by FactSet expected a loss of $0.80.

Revenue for the quarter ended March 31 was $7.90 billion, up from $7.07 billion a year earlier.

Analysts surveyed by FactSet expected $7.32 billion.

The company announced a quarterly dividend of $0.275 per share, payable on May 29 to shareholders of record on May 14.

Shares of PBF were down 3.2% in Thursday premarket activity.

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