* Q4 EPS $0.60 vs est $0.39
* Q4 rev. $1.82 bln vs est $1.81 bln
* Sees FY 10 merchandise margins of 33 pct to 34.5 pct
* Shares up 7 percent
Dec 2 Convenience store operator Pantry Inc's PTRY.O fourth-quarter earnings handily beat Wall Street estimates aided by a 28 percent fall in operating expenses, sending shares up 7 percent.
For the fourth quarter ended Sept. 24, the company posted a net profit of $13.3 million, or 60 cents a share, compared with $22.9 million, or $1.03, a year ago.
Total revenue fell 28 percent to $1.82 billion.
Analysts on average were expecting the company to earn 39 cents, before special items, on revenue of $1.81 billion, according to Thomson Reuters I/B/E/S.
For 2010, the company, which operates stores under banners like Kangaroo Express, expects merchandise sales of between $1.76 billion to $1.82 billion and merchandise gross margin of 33 percent to 34.5 percent.
The company reported merchandise gross margin of 35.4 percent for 2009.
Shares of the Cary, North Carolina-based company were trading up 7 percent at $16.00 in morning trade on Nasdaq. (Reporting by Abhishek Takle in Bangalore; Editing by Anthony Kurian) ((email@example.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters messaging: firstname.lastname@example.org))
CORRECTED-UPDATE 2-U.S. to seek to block DraftKings, FanDuel fantasy sports merger
WASHINGTON, June 19 The U.S. Federal Trade Commission said on Monday it will seek to stop the merger of DraftKings and FanDuel, because the combined company would control more than 90 percent of the U.S. market for paid daily fantasy sports contests.