World Fuel Services Earnings: Here’s Why Investors are Excited Now
World Fuel Services Corp. (NYSE:INT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.66%.
World Fuel Services Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 17.65% to $0.8 in the quarter versus EPS of $0.68 in the year-earlier quarter.
Revenue: Rose 8.95% to $10.48 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: World Fuel Services Corp. reported adjusted EPS income of $0.8 per share. By that measure, the company beat the mean analyst estimate of $0.66. It beat the average revenue estimate of $10.31 billion.
Quoting Management: “Our second quarter results once again demonstrate the resilience and diversity of our business model. We are pleased with our overall performance especially in our marine segment,” said Michael J. Kasbar, President and Chief Executive Officer of World Fuel Services Corporation. “We are confident that we will continue to capitalize on our unique business model in this ever changing marketplace.”
Key Stats (on next page)…