Shares of convenience store chain Casey’s General Stores, Inc. (CASY) are rising more than 9% Tuesday morning after reporting better-than-expected first-quarter earnings.
Net profit in the first quarter increased to $169.24 million or $4.52 per share, from $152.93 million or $4.09 per share in the same quarter a year ago.
Analysts on average polled by Thomson-Reuters were expecting earnings of $3.37 per share for the quarter.
Quarterly revenue, however, declined to $3.869 billion from $4.454 billion last year.
CASY, currently at $262.85, has traded in the range of $197.22 – $264.66 in the last 1 year.
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