Corpay Announces Preliminary Q3 2024 Financial Results; Sees Q3 Adj. EPS $5.00 Vs $4.96 Est.; Revenue $1.029B Vs $1.03B Est.; Reiterating FY Adj EPS Guidance Of $19.00, At The Mid-Point Provided On August 7, 2024 Vs $18.96 Est.
Portfolio Pulse from Benzinga Newsdesk
Corpay, Inc. (NYSE:CPAY) announced its preliminary Q3 2024 financial results, reporting adjusted EPS of $5.00, beating estimates of $4.96, and revenue of $1.29 billion, surpassing the $1.03 billion estimate. The company reiterated its full-year adjusted EPS guidance of $19.00.
October 28, 2024 | 1:18 pm
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Corpay reported better-than-expected Q3 2024 results with adjusted EPS of $5.00 and revenue of $1.29 billion, both surpassing estimates. The company also reiterated its full-year EPS guidance.
Corpay's Q3 results exceeded market expectations for both EPS and revenue, which is likely to positively impact the stock price in the short term. The reiteration of full-year guidance further supports investor confidence.
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