May 4, 2010 / 8:32 PM / 7 years ago

UPDATE 1-World Fuel Services Q1 beats Street

* 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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below