UPDATE: Ferrellgas Posts Higher FQ2 Earnings

Ferrellgas Partners LP

reported a 3.9% gain in its fiscal second-quarter earnings. Ferrellgas' reported its quarterly earnings of $60.5 million, or $0.72 per unit, versus a year-ago profit of $58.2 million, or $0.70 per unit. Excluding special items, it earned $0.87 per unit. Its revenue surged 32% to $869.7 million. However, analysts were projecting a profit of $0.85 per unit on revenue of $722.1 million. Its gross margin shrank to 34.1% from 35.7%. Ferrellgas shares gained 0.28% to $25.00 in pre-market trading.