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[sludgehound]

PTRY holding its highs 18.33

11:25 AM EDT, 07/30/2014 (MT Newswires) -- The Pantry (PTRY) shares hit their highest level since July 2011 after reporting fiscal Q3 earnings and sales that were well ahead of analysts' expectations.
PTRY was most recently up 18% at $18.35 in late-morning trading, down from the high of $18.61. The 52-week low is at $10.99.
The convenience store chain said earnings excluding impairment charges more than doubled to $0.64 per diluted share from $0.28 the year earlier, beating the $0.36 average estimate from analysts polled by Capital IQ. Sales rose to $2.02 billion from $1.99 billion a year ago, coming in ahead of the $1.9 billion consensus.
On a reported basis, net income nearly tripled to $14.02 million or $0.61 per diluted share from $5.94 million or $0.26 a year ago. Comparable store merchandise revenue increased 2.3%.
Price: 18.34, Change: +2.75, Percent Change: +17.61
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