Click to copy
Click to copy

CrossAmerica: 3Q Earnings Snapshot

November 7, 2018

ALLENTOWN, Pa. (AP) _ CrossAmerica Partners LP (CAPL) on Tuesday reported third-quarter profit of $5.2 million.

On a per-share basis, the Allentown, Pennsylvania-based company said it had profit of 15 cents.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The wholesale fuels distributor posted revenue of $670.8 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $708 million.

CrossAmerica shares have decreased 35 percent since the beginning of the year. The stock has dropped 39 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAPL at https://www.zacks.com/ap/CAPL

All contents © copyright 2019 The Associated Press. All rights reserved.