CrossAmerica: 3Q Earnings Snapshot
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.