ANKENY, Iowa (AP) — ANKENY, Iowa (AP) — Casey’s General Stores Inc. (CASY) on Tuesday reported fiscal fourth-quarter profit of $87 million.
On a per-share basis, the Ankeny, Iowa-based company said it had net income of $2.34.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The convenience store chain posted revenue of $3.6 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $3.48 billion.
For the year, the company reported profit of $502 million, or $13.43 per share. Revenue was reported as $14.86 billion.
Casey’s shares have increased 19% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $326.53, a rise of 48% 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. Access a Zacks stock report on CASY at https://www.zacks.com/ap/CASY
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