ATLANTA (AP) — ATLANTA (AP) — Corpay, Inc. (CPAY) on Thursday reported third-quarter net income of $276.4 million.
The Atlanta-based company said it had profit of $3.90 per share. Earnings, adjusted for one-time gains and costs, came to $5 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.98 per share.
The provider of fuel card and payment products for businesses posted revenue of $1.03 billion in the period, matching Street forecasts.
For the current quarter ending in December, Corpay expects its per-share earnings to range from $5.25 to $5.45.
The company said it expects revenue in the range of $1.04 billion to $1.07 billion for the fiscal fourth quarter.
Corpay expects full-year earnings in the range of $18.90 to $19.10 per share, with revenue ranging from $3.98 billion to $4.01 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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