Casey's beats 1Q earnings expectations, meets revenue forecasts

MarketsAssociated Press

Casey's General Stores Inc. (CASY) on Monday reported profit of $52.3 million in its fiscal first quarter.

On a per-share basis, the Ankeny, Iowa-based company said it had net income of $1.34.

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The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.

The convenience store chain posted revenue of $2.29 billion in the period, which met Street forecasts.

Casey's shares have risen slightly since the beginning of the year. In the final minutes of trading on Monday, shares hit $70.50, a climb of 4 percent in the last 12 months.

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

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