Casey's General Stores Inc. said its normalized net income for the fiscal third quarter ended Jan. 31 came to 98 cents per share, compared with the S&P Capital IQ consensus estimate of 81 cents per share.
EPS rose year over year from 31 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $38.5 million, an increase from $12.0 million in the year-earlier period.
The normalized profit margin climbed to 2.3% from 0.7% in the year-earlier period.
Total revenue declined 6.6% year over year to $1.67 billion from $1.79 billion, and total operating expenses decreased 9.1% year over year to $1.60 billion from $1.76 billion.
Reported net income increased on an annual basis to $39.5 million, or $1.01 per share, from $12.8 million, or 33 cents per share.
