FleetCor Technologies Q2 Profit Rises - Quick Facts

(RTTNews) - FleetCor Technologies, Inc. (FLT) Thursday reported second-quarter profit of $73.1 million or $0.87 per share, up from $54.4 million or $0.63 per share in the same period last year.

Adjusted earnings for the quarter was $84.0 million or $1.00 per share. On average, nine analysts polled by Thomson Reuters expected the company to earn $0.95 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 29 percent to $220.9 million from $171.8 million last year. Adjusted revenues for the quarter was $201.3 million. Analysts expected revenues of $202.24 million. Looking ahead to the fiscal 2013, the company has raised its adjusted earnings outlook to a range of $3.82 to $3.87 per share from its previous guidance range of $3.70 to $3.80 per share.

Revenues are currently projected in a range of $825 million to $835 million, up from a range of $810 million to $820 million, issued previously. Analysts currently expect the company to report full-year earnings of $3.80 per share on revenues of $820.74 million.