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CST misses Street 4Q forecasts

SAN ANTONIO (AP) _ CST Brands Inc. (CST) on Monday reported fourth-quarter net income of $18 million.

On a per-share basis, the San Antonio-based company said it had profit of 23 cents.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The gas station operator posted revenue of $2.37 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $2.46 billion.

For the year, the company reported profit of $324 million, or $4.24 per share. Revenue was reported as $9.39 billion.

CST shares have risen almost 1 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $48.44, a climb of 45 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 CST at https://www.zacks.com/ap/CST


Keywords: CST Brands, Earnings Report