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Casey's misses Street 3Q forecasts

ANKENY, Iowa (AP) _ Casey's General Stores Inc. (CASY) on Monday reported fiscal third-quarter net income of $22.8 million.

The Ankeny, Iowa-based company said it had profit of 58 cents per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.

The convenience store chain posted revenue of $1.77 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $1.82 billion.

Casey's shares have declined almost 4 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $114.20, a climb of almost 8 percent in the last 12 months.


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


Keywords: Casey's General Stores, Earnings Report