MIAMI (AP) — MIAMI (AP) — World Kinect Corporation (WKC) on Thursday reported a loss of $339.4 million in its second quarter.
The Miami-based company said it had a loss of $6.06 per share. Earnings, adjusted for one-time gains and costs, were 59 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The company that services ships, jets and trucks posted revenue of $9.04 billion in the period.
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