FleetCor Technologies: Q2 Earnings Snapshot
By AP News
Published - Aug 08, 2023, 04:53 PM ET
Last Updated - Aug 08, 2023, 04:53 PM EDT
ATLANTA (AP) — ATLANTA (AP) — FleetCor Technologies Inc. (FLT) on Tuesday reported second-quarter profit of $239.7 million.
On a per-share basis, the Atlanta-based company said it had profit of $3.20. Earnings, adjusted for one-time gains and costs, were $4.19 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.18 per share.
The provider of fuel card and payment products for businesses posted revenue of $948.2 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $945.2 million.
