U.S. markets closed
  • S&P 500

    3,629.65
    -5.76 (-0.16%)
     
  • Dow 30

    29,872.47
    -173.77 (-0.58%)
     
  • Nasdaq

    12,094.40
    +57.62 (+0.48%)
     
  • Russell 2000

    1,845.02
    -8.51 (-0.46%)
     
  • Crude Oil

    45.00
    -0.71 (-1.55%)
     
  • Gold

    1,812.30
    +1.10 (+0.06%)
     
  • Silver

    23.31
    -0.14 (-0.60%)
     
  • EUR/USD

    1.1930
    +0.0017 (+0.14%)
     
  • 10-Yr Bond

    0.8780
    -0.0040 (-0.45%)
     
  • GBP/USD

    1.3368
    +0.0011 (+0.08%)
     
  • USD/JPY

    103.9500
    -0.3000 (-0.29%)
     
  • BTC-USD

    17,184.60
    +17.95 (+0.10%)
     
  • CMC Crypto 200

    336.94
    -33.58 (-9.06%)
     
  • FTSE 100

    6,362.93
    -28.16 (-0.44%)
     
  • Nikkei 225

    26,615.83
    +78.52 (+0.30%)
     

FleetCor Technologies: 3Q Earnings Snapshot

·1 min read

ATLANTA (AP) _ FleetCor Technologies Inc. (FLT) on Thursday reported third-quarter profit of $188.8 million.

The Atlanta-based company said it had profit of $2.19 per share. Earnings, adjusted for amortization costs and stock option expense, were $2.80 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.66 per share.

The provider of fuel card and payment products for businesses posted revenue of $585.3 million in the period, which missed Street forecasts. Eight analysts surveyed by Zacks expected $586 million.

FleetCor Technologies shares have declined 17% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $239.75, a decline of 18% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLT at https://www.zacks.com/ap/FLT