Casey's General Stores Inc. reported a decrease in third-quarter profit compared to last year, despite surpassing market projections.
The company registered a net income of $86.9 million, equivalent to $2.33 per share. This is lower than last year's third quarter figures, which stood at $100.1 million or $2.67 per share.
Contrary to expectations by industry analysts who predicted earnings of $2.14 per share, as compiled by Thomson Reuters, Casey's General Stores Inc. performed better. It should be noted that these estimates typically do not account for special items.
However, the company's revenue for the quarter slightly dipped by 0.1%, dropping to $3.329 billion from $3.332 billion last year.
In a nutshell, a quick look at Casey's General Stores Inc. reveals the following:
Third quarter earnings: $86.9 million, compared to $100.1 million last year.
Earnings per share for the third quarter: $2.33, down from $2.67 last year.
Third quarter revenue: $3.329 billion, a slight drop from $3.332 billion last year.
