CST Brands (CST) Misses Q2 EPS by 3c

CST Brands (NYSE: CST) reported Q2 EPS of $0.32, $0.03 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.5 billion.

The Company's U.S. merchandise revenues increased $31 million during the second quarter of 2015 when compared to the second quarter of 2014, primarily as a result of the acquisition of Nice N Easy and the Landmark convenience stores as well as an overall increase in the Company's merchandise sales. This was primarily offset by lower per gallon selling prices for both the U.S. Retail and Canadian Retail segments. The average motor fuel price for our U.S. segment during the second quarter 2015 was $0.99 per gallon lower when compared to the price for the same period last year, or a decline of 28%. Additionally, a decline of $109 million due to the weakness of the Canadian dollar relative to the U.S. dollar contributed to the decrease in operating revenues.

For earnings history and earnings-related data on CST Brands (CST) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Pro Diversity Network (IPDN) Reports Q2 Loss of $0.15
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery