UPDATE 1-World Fuel Services Q1 beats Street

Tue May 4, 2010 4:27pm EDT

* Q1 adj EPS $0.60 beats Street view

* Revenue up about 94 pct at $3.91 bln vs est $3.61 bln

* Aviation segment gross profit up 51 pct

May 4 (Reuters) - World Fuel Services Corp (INT.N), which provides fuel and services to aircraft, ships and tanker truck loading terminals, reported a quarterly income that beat market estimates as gross profit at its aviation segment rose 51 percent.

For the first quarter, the company earned $33.7 million, or 56 cents a share, compared with $25.8 million, or 44 cents a share, in the year ago quarter.

Excluding items, the company earned 60 cents a share.

Revenue rose more than 94 percent to $3.91 billion.

Analysts on an average expected the company earn 49 cents, on revenue of $3.61 billion, according to Thomson Reuters I/B/E/S.

Aviation segment saw a gross profit of $48.4 million.

Shares of Miami, Florida-based World Fuel Services closed at $28.66 Tuesday on the New York Stock Exchange. (Reporting by Krishna N. Das in Bangalore; Editing by Aradhana Aravindan)

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