Casey’s General Stores Up Big After Q1 Results

Casey’s General Stores (CASY), an operator in the convenience retail industry, is trading higher this afternoon after reporting earnings for the fiscal first quarter. I’d have to assume, however, that some of the bid is based on the idea of a takeover transaction eventually being completed, perhaps at a higher price.

According to Briefing.com, earnings of 81 cents per share merely met expectations. And sales of .36 billion came in slightly light of the analyst call. One very positive element to the story can be found in the press release. The dividend that will be delivered in November represents a 35% increase over the previous payout.

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Casey’s General Stores Up Big After Q1 Results originally appeared on BloggingStocks on Tue, 07 Sep 2010 15:20:00 EST. Please see our terms for use of feeds.

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Casey’s General Stores – Business – BloggingStocks – Briefing.com – Convenience store
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