Casey's General Stores Inc. (CASY) saw fiscal first-quarter earnings of 87 cents per share, exceeding the Zacks Consensus Estimate by 45% and topping the year-prior total. The company also declared a dividend of $0.085 per share, which translates into a an industry-leading yield of 1%.

Company Description

Casey's General Stores, Inc. together with its subsidiaries, operate convenience stores under the Casey's General Stores name in the Midwest states. It has operations in Iowa, Missouri, Illinois Kansas, Minnesota, Nebraska, South Dakota, Wisconsin, and Indiana. The company was founded in 1959 and is headquartered in Ankeny, Iowa.

A Solid Quarter

The company announced fiscal first-quarter results in early September. Earnings of 87 cents per share, exceeded the Zacks Consensus Estimate by 45% and topped the year-prior total. During the past 4 consecutive quarters, Casey's delivered an average upside earnings surprise of 17.5%.

"Strong gas margins and enhanced profitability inside the stores were

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India's inflation accelerated to a 13-year high after record crude oil costs forced the government to raise retail fuel prices. Stocks and bonds fell on concern the central bank will have to raise interest rates again. Wholesale prices in India were up by 11.05 percent in the week to June 7, after an 8.75 percent increase in the previous week, according to an Indian government statement in New Delhi today. Obviously this sudden surge is creating pressures all over the place to do something. Finance Secretary D. Subbarao told reporters yesterday that "The first line of defense is monetary policy action", meaning that the Reserve Bank of India is about to take further anti inflation steps. Reserve Bank of India Governor Yaga Venugopal Reddy met Prime Minister Manmohan Singh and Finance Minister Palaniappan Chidambaram later in the day to discuss inflation and ...