MIAMI (AP) — MIAMI (AP) — World Kinect Corporation (WKC) on Thursday reported second-quarter profit of $48.4 million.
The Miami-based company said it had net income of 94 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.29 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.
The company that services ships, jets and trucks posted revenue of $13.59 billion in the period.
World Kinect expects full-year earnings in the range of $3.20 to $3.40 per share.
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