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Company News

BUZZ-Alimentation Couche-Tard profit misses on higher costs, shares fall

** Shares of Canada-based convenience store operator down 1.4 pct at C$71.13; trading at their lowest level since Feb. 4

** Co misses Q3 profit estimates as higher costs offset rise in fuel sales

** Co reports adj. profit of $1.08/shr vs analysts’ avg estimates of $1.17/shr - Refinitiv data

** Operating, selling, administrative and general expenses surged ~7 pct to ~$1.7 bln

** Upto Tuesday’s close, stock had risen ~6 pct this year (Reporting by Debroop Roy in Bengaluru)

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