Fleetcor Technologies, Inc. (FLT) Tops Q1 EPS by 5c; Bumps FY15 Outlook

Fleetcor Technologies, Inc. (NYSE: FLT) reported Q1 EPS of $1.45, $0.05 better than the analyst estimate of $1.40. Revenue for the quarter came in at $416.2 million versus the consensus estimate of $390.63 million.

Fleetcor Technologies, Inc. sees FY2015 EPS of $6.00-$6.20, versus prior guidance of $5.95-$6.15 and the consensus of $6.09. Fleetcor Technologies, Inc. sees FY2015 revenue of $1.6-1.65 billion.

“We reported good first quarter results, despite a pretty unfavorable macro-environment. Importantly, our fundamentals were strong, organic revenue growth was approximately 9% in the quarter, on a constant fuel price, currency, and spread basis,” said Ron Clarke, chairman and chief executive officer, FleetCor Technologies, Inc. “We are raising our full year 2015 guidance by $0.05 to reflect our first quarter beat.”

For earnings history and earnings-related data on Fleetcor Technologies, Inc. (FLT) click here.

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