Casey’s: Fiscal 1Q Earnings Snapshot
ANKENY, Iowa (AP) _ Casey’s General Stores Inc. (CASY) on Monday reported fiscal first-quarter profit of $85.8 million.
The Ankeny, Iowa-based company said it had net income of $2.31 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.05 per share.
The convenience store chain posted revenue of $2.63 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $2.61 billion.
Casey’s shares have risen 31% since the beginning of the year. In the final minutes of trading on Monday, shares hit $167.30, a climb of 45% in the last 12 months.