FleetCor Technologies, Inc. Q1 Profit Increases, beats estimates

(RTTNews) - FleetCor Technologies, Inc. (FLT) revealed earnings for its first quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $217.95 million, or $2.75 per share. This compares with $184.24 million, or $2.15 per share, in last year's first quarter.

Excluding items, FleetCor Technologies, Inc. reported adjusted earnings of $289.66 million or $3.65 per share for the period.

Analysts on average had expected the company to earn $3.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 29.7% to $789.24 million from $608.62 million last year.

FleetCor Technologies, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $217.95 Mln. vs. $184.24 Mln. last year. -EPS (Q1): $2.75 vs. $2.15 last year. -Analyst Estimate: $3.53 -Revenue (Q1): $789.24 Mln vs. $608.62 Mln last year.

-Guidance: Next quarter EPS guidance: $3.80 - $3.90 Next quarter revenue guidance: $805 - $825 Mln Full year EPS guidance: $15.45 - $15.75 Full year revenue guidance: $3,335 - $3,385 Mln