Casey’s General Stores stock falls after hours as results miss

Shares of convenience-store chain Casey’s General Stores Inc.
CASY,
-1.61%
fell 4.8% after hours on Tuesday after the company reported fiscal fourth-quarter results that missed expectations. The company reported net income of $56.1 million, or $1.49 a share, compared with $59.8 million, or $1.60 a share, in the same quarter last year. Revenue was $3.33 billion, down from $3.46 billion in the prior-year quarter. Same-store sales for items sold inside stores — like groceries, food and drinks — rose 6.5%, helped by alcoholic and non-alcoholic drinks and food like pizza and baked goods. Analysts polled by FactSet expected earnings per share of $1.64 on revenue of $3.38 billion. The company’s board, at its June meeting, voted to raise its quarterly dividend by 13% to 43 cents per share.