ATLANTA (AP) _ FleetCor Technologies Inc. (FLT) on Thursday reported third-quarter profit of $188.8 million.
The Atlanta-based company said it had profit of $2.19 per share. Earnings, adjusted for amortization costs and stock option expense, were $2.80 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.66 per share.
The provider of fuel card and payment products for businesses posted revenue of $585.3 million in the period, which missed Street forecasts. Eight analysts surveyed by Zacks expected $586 million.
FleetCor Technologies shares have declined 17% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $239.75, a decline of 18% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLT at https://www.zacks.com/ap/FLT
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