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Why CST Brands (CST) Slipped on Friday

NEW YORK ( TheStreet) -- CST Brands (CST - Get Report) took a turn lower on Friday after the gas station owner released preliminary financials for its fourth quarter ended December. By early afternoon, shares had unloaded 3.7% to $31.51.

In a statement released after the bell Thursday, the San Antonia-based business said it expects motor fuel volume to be close to the low end of previous guidance of 4,850 to 4,950 gallons per site per day in its U.S. segment and at the low end of its range of 3,300 to 3,400 gallons per site per day in its Canadian segment.

Merchandise sales in the U.S. are expected at the low end of the range $3,250 to $3,350 per site per day in its U.S. segment. In its Canadian segment, merchandise sales are expected at the low end of between $2,500 and $2,600 per site per day.

The company expects to report fourth-quarter and full-year results in early March. CST Chart CST data by YCharts

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