Business & Tech
Casey's General Stores Comes In Below Expectations
On a per-share basis, the Ankeny, Iowa-based company said it had net income of $1.28.
ANKENY, IA — Casey's General Stores Inc. (CASY) on Monday reported fiscal second-quarter net income of $48.9 million.
On a per-share basis, the Ankeny, Iowa-based company said it had net income of $1.28.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.
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The convenience store chain posted revenue of $2.15 billion in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $2.13 billion.
Casey's shares have increased 2 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $121.25, a decrease of 1 percent in the last 12 months.
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