FleetCor Technologies: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 05:25 PM ET
Last Updated - Jun 21, 2023, 11:12 PM EDT
ATLANTA (AP) — ATLANTA (AP) — FleetCor Technologies Inc. (FLT) on Wednesday reported first-quarter profit of $214.8 million.
On a per-share basis, the Atlanta-based company said it had net income of $2.88. Earnings, adjusted for one-time gains and costs, came to $3.80 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.69 per share.
The provider of fuel card and payment products for businesses posted revenue of $901.3 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $881.3 million.
