World Fuel Services (INT) Misses Q3 EPS by 9c

October 27, 2016 4:23 PM EDT
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World Fuel Services (NYSE: INT) reported Q3 EPS of $0.61, $0.09 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $7.39 billion versus the consensus estimate of $7.11 billion.

“Our aviation segment posted record results in the third quarter driven by seasonally strong core resale operations in North America, Europe and Asia as well as continued strength in government-related fueling activities, illustrating the strength of our diversified portfolio as it served to offset continued weakness in the marine markets,” stated Michael J. Kasbar, chairman and chief executive officer of World Fuel Services Corporation. “As we continue to develop and integrate our broad-based global energy management, fulfillment and payment platforms, our focus on increasing operating efficiency and expanding our value-added service offerings will serve us well as we look to execute on our long-term growth initiatives.”

For earnings history and earnings-related data on World Fuel Services (INT) click here.

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