Fleetcor Court Order Limits Its Injunctive Relief To Fleetcor's Fuel Card Business In U.S.; Reiterates That It Believes Implementation Of This Order Will Not Be Material To Company's Financial Performance
Portfolio Pulse from Happy Mohamed
FLEETCOR Technologies (NYSE:FLT) received a court order in the FTC marketing practices and disclosure case, limiting its injunctive relief to its fuel card business in the US. The company believes the implementation of the order will not materially impact its financial performance.
June 09, 2023 | 1:31 pm
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FLEETCOR Technologies received a court order in the FTC case, limiting its injunctive relief to its US fuel card business. The company expects no material impact on its financial performance.
The court order limits the injunctive relief to FLEETCOR's fuel card business in the US, and the company has stated that it believes the implementation of the order will not be material to its financial performance. This suggests a neutral short-term impact on FLT's stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100