PEACHTREE CORNERS, Ga. (AP) _ FleetCor Technologies Inc. (FLT) on Thursday reported first-quarter net income of $174.9 million.
The Peachtree Corners, Georgia-based company said it had net income of $1.88 per share. Earnings, adjusted for one-time gains and costs, came to $2.50 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.37 per share.
The provider of fuel card and payment products for businesses posted revenue of $585.5 million in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $603.8 million.
FleetCor Technologies expects full-year earnings in the range of $10.20 to $10.50 per share, with revenue in the range of $2.39 billion to $2.45 billion.
FleetCor Technologies shares have climbed slightly more than 9 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $210.44, an increase of 60 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLT at https://www.zacks.com/ap/FLT