RTTNews | Oct 29, 2020 04:57PM EDT

16:56 Thursday, October 29, 2020 (RTTNews.com) - World Fuel Services (INT) reported a profit for its third quarter that advanced from the same period last year.

The company's bottom line came in at $82.0 million, or $1.29 per share. This compares with $48.2 million, or $0.73 per share, in last year's third quarter.

Excluding items, World Fuel Services reported adjusted earnings of $20.7 million or $0.33 per share for the period.

Analysts had expected the company to earn $0.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 51.9% to $4.48 billion from $9.32 billion last year.

World Fuel Services earnings at a glance:

-Earnings (Q3): $20.7 Mln. vs. $50.7 Mln. last year.-EPS (Q3): $0.33 vs. $0.77 last year.-Analysts Estimate: $0.31-Revenue (Q3): $4.48 Bln vs. $9.32 Bln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3141060/world-fuel-services-q3-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved