BUZZ-Casey's General Stores shares drop following results
CASY•CASY•CASY•CASY•** Casey's General Stores Inc CASY.O shares were down 10% in after-hours trading on Tuesday following the convenience store operator's quarterly report.
** The company beat analysts' revenue and adjusted EPS expectations for the quarter ended July 31 and reported strong fuel margins.
** But total operating expenses rose, driven by higher labor and insurance costs.
** Analyst recommendations on the stock include 14 "strong buy" or "buy" ratings and seven "hold" ratings, per LSEG.
** CASY is up 33% for the year to date as of Tuesday's close, compared with a roughly 14% rise in the Nasdaq IXIC.
** The stock closed down 3% in the regular session.
