AmeriGas Posts Mixed Results (APU)

King of Prussia, Pennsylvania-based AmeriGas Partners, L.P. APU released financial results on Wednesday morning that missed Wall Street earnings estimates, while exceeding revenue expectations. AmeriGas Partners, L.P. announced that its 1st quarter net income fell to $74.9 million, or $1.06 per share, down from $84.0 million, or $1.15 per share, a year earlier. AmeriGas Partners, L.P. reported revenue of $700.22 million, up from $656.6 a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of $1.35 per share, on revenue of $685.39 million. AmeriGas Partners, L.P. (APU) finished the previous trading day at $50.46 per share. The consensus price target of analysts covering the company's stock is $45.83 per share. AmeriGas Partners, L.P. is the nation's largest retail propane marketer, serving approximately 1.3 million customers in all 50 states from nearly 1,200 distribution locations. Read more from Benzinga's Company news.