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Casey's General Stores (CASY) Stock Stumbles as Q1 Results Miss Estimates

NEW YORK (TheStreet) -- Shares of Casey's General Stores (CASY) were falling 8.68% to $121.73 on heavy trading volume mid-afternoon Wednesday after the company reported weaker-than-expected results for the 2017 fiscal first quarter.

After yesterday's closing bell, the Ankeny, IA-based convenience store operator posted earnings of $1.70 per diluted share, below analysts' estimates of $1.81 per share.

Revenue for the period was $1.97 billion, while analysts were projecting revenue of $1.99 billion.

"We were pleased with the performance inside our stores...