ATLANTA (AP) — ATLANTA (AP) — Corpay, Inc. (CPAY) on Wednesday reported fourth-quarter profit of $264.5 million.
On a per-share basis, the Atlanta-based company said it had profit of $3.75. Earnings, adjusted for amortization costs and non-recurring costs, were $6.04 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $5.95 per share.
The provider of fuel card and payment products for businesses posted revenue of $1.25 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $1.24 billion.
For the year, the company reported profit of $1.07 billion, or $15.03 per share. Revenue was reported as $4.53 billion.
Corpay expects full-year earnings in the range of $25.50 to $26.50 per share, with revenue in the range of $5.22 billion to $5.32 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