Fleetcor Technologies (FLT) Tops Q1 EPS by 5c; Modestly Lifts Outlook

Fleetcor Technologies (NYSE: FLT) reported Q1 EPS of $1.12, $0.05 better than the analyst estimate of $1.07. Revenue for the quarter came in at $253.9 million versus the consensus estimate of $242.61 million.

Fleetcor Technologies sees FY2014 EPS of $4.97-$5.07, versus prior guidance of $4.9-$5 and the consensus of $4.97. Fleetcor Technologies sees FY2014 revenue of $1.075-1.095 billion, versus prior guidance of $1.7-1.9 billion and the consensus of $1.09 billion.

“Given our strong first quarter results, we are raising our financial guidance for 2014. We are now expecting a 21% growth in revenue and 24% adjusted net income per share growth rate, at the midpoint of our guidance range, versus 2013,” said Eric Dey, chief financial officer FleetCor Technologies, Inc. “A number of our businesses are off to a strong start this year, which we anticipate will more than offset the economic weakness in our Russian business and expected unfavorable foreign exchange rates in Russia and Brazil over the balance of the year.”

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Vivos Therapeutics posts 35% revenue gain but widens net loss
• Diana Shipping drops bid for Genco after price demands spike to $36.91