AmeriGas Posts Mixed Results (APU)

King of Prussia, Pennsylvania-based AmeriGas Partners, L.P. (NYSE:

) 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

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