07.02.2024 22:14:15 - dpa-AFX: FleetCor Technologies, Inc. Q4 Profit Increases, but misses estimates

WASHINGTON (dpa-AFX) - FleetCor Technologies, Inc. (FLT) released earnings
for its fourth quarter that increased from last year but missed the Street
estimates.

The company's earnings came in at $255.86 million, or $3.48 per share. This
compares with $225.32 million, or $3.03 per share, in last year's fourth
quarter.

Excluding items, FleetCor Technologies, Inc. reported adjusted earnings of
$326.14 million or $4.44 per share for the period.

Analysts on average had expected the company to earn $4.48 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 6.1% to $937.32 million from $883.61
million last year.

FleetCor Technologies, Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $255.86 Mln. vs. $225.32 Mln. last year.
-EPS (Q4): $3.48 vs. $3.03 last year.
-Analyst Estimate: $4.48
-Revenue (Q4): $937.32 Mln vs. $883.61 Mln last year.


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