NEW YORK (TheStreet) -- Casey's General Stores (CASY - Get Report) shares are up 3.38% to $85.50 in after-hours trading on Wednesday after the convenience store chain released its second quarter earnings results after the closing bell today. 

The company reported net income of $49.9 million, or $1.28 per diluted share on an adjusted basis, 22 cents per share better than the company reported during the same quarter last year and 11 cents better than analysts were expecting for this period.

Casey's also generated $2.15 billion in revenue during the period, falling just shy of analysts' $2.18 billion guidance.

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TheStreet Ratings team rates CASEYS GENERAL STORES INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate CASEYS GENERAL STORES INC (CASY) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

CASY Chart CASY data by YCharts

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