Salomon cuts refiner Q3 EPS view on margin concern .
NEW YORK 1996-08-26
Salomon Brothers analyst Paul Ting said he cut his share earnings estimates on refiners for the third quarter on the belief the companies will face sharp revisions in refining and marketing margins .
He cut his third-quarter share earnings estimate on :
-- Diamond Shamrock Inc to $ 0.38 from $ 0.73 versus the Street 's consensus $ 0.63
-- Sun Co to $ 0.15 from $ 0.85 versus the consensus $ 0.63
-- Tosco Corp to $ 0.95 from $ 1.03 versus the consensus $ 0.94
-- Total Petroleum ( North America ) Ltd to $ 0.15 from $ 0.46 versus the consensus $ 0.33
-- And , Valero Energy Corp to $ 0.27 from $ 0.55 compared with the consensus $ 0.40 .