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Casey’s: Fiscal 2Q Earnings Snapshot

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December 7th, 2020 by Ric Hanson

ANKENY, Iowa (AP) _ Casey’s General Stores Inc. (CASY) on Monday reported fiscal second-quarter net income of $112 million. The Ankeny, Iowa-based company said it had profit of $3 per share. The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.66 per share.

The convenience store chain posted revenue of $2.22 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $2.2 billion. Casey’s shares have increased 18% since the beginning of the year. In the final minutes of trading on Monday, shares hit $187.82, a rise of 8% in the last 12 months.