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FleetCor Technologies: 3Q Earnings Snapshot

November 6, 2019 GMT

PEACHTREE CORNERS, Ga. (AP) _ FleetCor Technologies Inc. (FLT) on Wednesday reported third-quarter earnings of $225.8 million.

On a per-share basis, the Peachtree Corners, Georgia-based company said it had net income of $2.49. Earnings, adjusted for one-time gains and costs, were $3.10 per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.05 per share.

The provider of fuel card and payment products for businesses posted revenue of $681 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $680.2 million.

FleetCor Technologies expects full-year earnings in the range of $11.68 to $11.78 per share.

FleetCor Technologies shares have climbed 58% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $293.87, a rise of 49% 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