Casey's General Stores Stock Falls 5% After Company Earnings Miss

By Claudia Assis Markets MarketWatch Pulse

Shares of Casey's General Stores Inc. fell more than 5% late Monday after the convenience-store operator reported fiscal fourth-quarter earnings below Wall Street expectations and sales came in slightly below forecasts. Casey's said it earned $30 million, or 76 cents a share, in the quarter, compared with $47 million, or $1.19 a share, in the same period a year ago. Revenue reached $1.85 billion in the quarter, from $1.58 billion a year ago. Analysts polled by FactSet had expected GAAP earnings of 82 cents a share on sales of $1.88 billion.

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