ATLANTA (AP) — ATLANTA (AP) — Corpay, Inc. (CPAY) on Wednesday reported second-quarter profit of $284.2 million.
The Atlanta-based company said it had net income of $3.98 per share. Earnings, adjusted for amortization costs and stock option expense, came to $5.13 per share.
The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of $5.13 per share.
The provider of fuel card and payment products for businesses posted revenue of $1.1 billion in the period, which also matched Street forecasts.
Corpay expects full-year earnings in the range of $20.86 to $21.26 per share, with revenue in the range of $4.41 billion to $4.49 billion.
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