Casey's General Stores Rebounds Strongly After Initial Drop

(RTTNews) - After initially moving to the downside, shares of Casey's General Stores, Inc. (CASY) have shown a substantial turnaround over the course of the trading session on Tuesday. Casey's is currently up by 7 percent after hitting a three-month intraday low.

Casey's originally came under pressure after reporting fiscal second quarter earnings that came in above expectations but an unexpected drop in same-store gallons of fuel.

The convenience store chain reported second quarter earnings of $1.80 per share compared to analyst estimates for $1.61 per share, although the company also said same-store gallons sold were down 1.1 percent.