Casey's General Stores Plummets on Q4 Earnings

Casey's General Stores CASY released its fiscal Q4 earnings results after the closing bell on Tuesday. The company reported net earnings of $23.07 million or $0.60 per share, versus $22.77 million or $0.60 per share, in the year ago period. This compared to Wall Street analysts' consensus EPS estimates of $0.67. Revenues in the quarter were $1.75 billion from $1.55 billion last year. This came in slightly ahead of Wall Street consensus revenue estimates of $1.74 billion. Same store sales for the quarter were up 2.5%. On Wednesday, Casey's shares have lost around 9% on heavier than usual volume. The stock is now up 6.17% in 2012.