Casey’s General Stores Inc. shares declined in the extended session Monday after the convenience-store and gas-station chain’s quarterly results fell short of Wall Street estimates. Casey’s shares declined 3.7% to $110 after hours. The company reported fiscal third-quarter earnings of 58 cents a share on revenue of $1.77 billion. Analysts had estimated earnings of 88 cents a share on revenue of $1.81 billion. Casey’s board also approved the repurchase of up to $300 million in company shares.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News