Casey`s General Stores Inc. Bottom Line Declines 40% In Q3

(RTTNews) - Casey`s General Stores Inc. (CASY) revealed a profit for third quarter that dropped from last year.

The company said its profit dropped to $22.84 million, or $0.58 per share. This was lower than $38.10 million, or $0.97 per share, in last year's third quarter.

Analysts had expected the company to earn $0.90 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 12.7% to $1.77 billion. This was up from $1.57 billion last year.

Casey`s General Stores Inc. earnings at a glance:

-Earnings (Q3): $22.84 Mln. vs. $38.10 Mln. last year. -Earnings Decline (Y-o-Y): -40.1% -EPS (Q3): $0.58 vs. $0.97 last year. -EPS Decline (Y-o-Y): -40.2% -Analysts Estimate: $0.90 -Revenue (Q3): $1.77 Bln vs. $1.57 Bln last year. -Revenue Change (Y-o-Y): 12.7%