ATLANTA (AP) — ATLANTA (AP) — Corpay, Inc. (CPAY) on Wednesday reported first-quarter profit of $229.8 million.
On a per-share basis, the Atlanta-based company said it had profit of $3.12. Earnings, adjusted for one-time gains and costs, came to $4.10 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.08 per share.
The provider of fuel card and payment products for businesses posted revenue of $935.3 million in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $936.3 million.
For the current quarter ending in June, Corpay expects its per-share earnings to range from $4.45 to $4.55.
The company said it expects revenue in the range of $960 million to $980 million for the fiscal second quarter.
Corpay expects full-year earnings in the range of $18.80 to $19.20 per share, with revenue ranging from $3.96 billion to $4.04 billion.
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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 CPAY at https://www.zacks.com/ap/CPAY
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