Fleetcor Technologies, Inc. (FLT) Tops Q1 EPS by 17c

Fleetcor Technologies, Inc. (NYSE: FLT) reported Q1 EPS of $3.00, $0.17 better than the analyst estimate of $2.83. Revenue for the quarter came in at $661.1 million versus the consensus estimate of $648.5 million.

2020 Outlook:

“We have been closely monitoring the impact that the COVID-19 outbreak has had on our global business. As a result of the unprecedented conditions across all of our markets, we have decided to suspend our full-year 2020 guidance, there is simply too much uncertainty regarding the resumption of business activity around the world to accurately predict what our volumes could be in the second quarter and rest of the year.

We expect that the second quarter will be the lowest in terms of volume and revenue, and as business activity starts to recover around the world, volumes should build throughout the year, resulting in higher revenue and earnings in the third and fourth quarters,” concluded Dey.

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

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