Recap: World Fuel Services Q2 Earnings

Loading...
Loading...

Shares of World Fuel Services INT fell in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 200.00% year over year to $0.39, which beat the estimate of $0.29.

Revenue of $7,086,000,000 rose by 124.38% from the same period last year, which beat the estimate of $6,300,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

World Fuel Services hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 29, 2021

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/wt42ovd3

Loading...
Loading...

Price Action

52-week high: $37.68

52-week low: $18.36

Price action over last quarter: Up 5.53%

Company Description

World Fuel Services Corp is a global fuel logistics, transaction management, and payment-processing company that provides management solutions to companies in the aviation, marine, and land transportation industries. Through its three segments, the company offers fuel, lubricants, and crude oil to a diverse customer base. To aid customers with price-management, the company may enter into derivative contracts to mitigate the risk of market price fluctuations. World Fuel Services also offers fuel management, procurement of fuel, card payment solutions, and a host of other services in each of its segments. Through a global supplier network of third-party suppliers, the company is able to harvest a significant portion of its revenue from participants in the aviation industry.

Loading...
Loading...
Posted In: EarningsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...