February 25, 2010 / 9:37 PM / 8 years ago

UPDATE 1-World Fuel Services Q4 profit beats Wall Street

* Q4 adj EPS $0.62 vs. est. $0.45

* Rev up 20 pct, beats Street view

* Aviation segment boosts results

Feb 25 (Reuters) - World Fuel Services Corp (INT.N), which provides fuel and services to aircraft, ships and tanker truck loading terminals, reported quarterly profit above estimates, helped by strength at its aviation segment.

For the latest fourth quarter, the company earned $34.5 million, or 57 cents a share, compared with $28.7 million, or 49 cents a share, last year.

Excluding share-based compensation and amortization of acquired intangible assets, World Fuel Services earned 62 cents a share.

Revenue rose 20 percent to $3.55 billion.

    Gross profit at the company’s aviation segment rose 40 percent to $49.1 million.

    Analysts on average expected earnings of 45 cents a share on revenue of $3.03 billion, according to Thomson Reuters I/B/E/S.

    World Fuel Services’ shares, which have nearly doubled from their lows of February last year, closed at $24.24 Thursday on the New York Stock Exchange. (Reporting by Adveith Nair in Bangalore; Editing by Unnikrishnan Nair)

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