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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.

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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

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