CST Brands Q2 Profit Down - Quick Facts

(RTTNews) - CST Brands Inc. (CST), a retailer of transportation fuels and convenience goods, posted second-quarter net income of $32 million, down from $41 million in the same quarter last year. Earnings per share declined to $0.43 from $0.54 in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.49 per share for the quarter. Analysts' estimates typically exclude special items.

Operating income for the quarter declined to $57 million from last year's $78 million. The decline in operating income was primarily attributable to an increase in general and administrative expenses of $5 million and an increase in operating expenses of $7 million. These factors, along with an increase in interest expense of $3 million, were the primary reasons for the decline in net income of $9 million.

But, operating revenues for the quarter grew to $3.261 billion from $3.211 billion in the year ago quarter. Wall Street expected revenues of $3.22 billion for the quarter.