FleetCor Technologies: 4Q Earnings Snapshot

·1 min read

ATLANTA (AP) _ FleetCor Technologies Inc. (FLT) on Thursday reported fourth-quarter earnings of $209.9 million.

On a per-share basis, the Atlanta-based company said it had profit of $2.44. Earnings, adjusted for one-time gains and costs, were $3.01 per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.82 per share.

The provider of fuel card and payment products for businesses posted revenue of $617.3 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $603.8 million.

For the year, the company reported profit of $704.2 million, or $8.12 per share. Revenue was reported as $2.39 billion.

FleetCor Technologies shares have dropped slightly more than 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $263.78, a fall of 19% in the last 12 months.

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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