Recap: Fleetcor Technologies Q3 Earnings
Portfolio Pulse from Benzinga Insights
Fleetcor Technologies (NYSE:FLT) reported its Q3 earnings, missing estimated earnings by 0.44% with an EPS of $4.49 versus an estimate of $4.51. However, revenue was up $77.89 million from the same period last year. Last quarter, the company beat EPS estimates which led to a 6.34% increase in the share price the next day.
November 08, 2023 | 9:10 pm
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NEUTRAL IMPACT
Fleetcor Technologies missed Q3 earnings estimates but reported increased revenue YoY. Previous positive earnings surprise led to a share price increase.
Fleetcor's missed earnings estimates could negatively impact the stock price. However, the increase in revenue YoY and the historical trend of share price increase following positive earnings surprise could offset this negative impact, leading to a neutral short-term impact.
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RELEVANCE 100