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What: Shares of Ferrellgas Partners
So what: This morning's third-quarter report impressed with $732 million in revenue, far above the analyst consensus of $679 million, but fell 42% short of earnings expectations with just $0.33 of adjusted net income per unit. CEO Steve Wambold pinned the debacle on sharply higher propane costs, which inspired customers to conserve their gas while inflating the top line.
Now what: The parent of the Blue Rhino brand claims to be "very well positioned for the all-important grilling season," helped by the addition of Blue Rhino exchange stations at thousands of Walgreen
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