CST Brands Posts Lower Q4 Profit - Quick Facts

(RTTNews) - CST Brands, Inc.'s (CST) fourth-quarter 2013 net income fell to $34 million, or $0.44 per share, from $60 million, or $0.78 per share, a year before. The latest quarter's results included asset impairments of $4 million.

Excluding these asset impairments, net income would have been $36 million, or $0.48 per share, the company said. On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.52 for the quarter. Analysts' estimates typically exclude one-time items.

Three-month operating income was $60 million, versus $91 million reported last year.

Quarterly operating revenues came in at $3.06 billion, compared with $3.2 billion in the same period of 2012, while five analysts estimated revenues of $3.12 billion. Motor fuel revenues in the U.S. segment declined $110 million, driven by a 1 percent decline in motor fuel gallons sold and a 6 percent decline in the company's per gallon average motor fuel selling price.