ATLANTA (AP) — ATLANTA (AP) — Corpay, Inc. (CPAY) on Wednesday reported second-quarter net income of $251.6 million.
The Atlanta-based company said it had net income of $3.52 per share. Earnings, adjusted for amortization costs and stock option expense, were $4.55 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.51 per share.
The provider of fuel card and payment products for businesses posted revenue of $975.7 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $971.7 million.
For the current quarter ending in September, Corpay expects its per-share earnings to range from $4.90 to $5.
The company said it expects revenue in the range of $1.01 billion to $1.03 billion for the fiscal third quarter.
Corpay expects full-year earnings in the range of $18.85 to $19.15 per share, with revenue ranging from $3.98 billion to $4.03 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