World Fuel Services Corporation (NYSE:INT) is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.31 per share.
Looking ahead, the full year income are expected at $ 1.60 per share on the revenues of $ 22816.30 million.
Previous Quarter Performance
World Fuel Services Corporation unveiled income for the second quarter of $ 0.13 per share, from the revenue of $ 3,158.00 million. The quarterly earnings decreased 77.59 percent while revenues reduced 66.62 percent compared with the same quarter last year.
The consensus estimates are loss of $ 0.09 per share from $ 3836.97 million in revenue. The bottom line results beat street analysts by $ 0.22 or 244.44 percent, at the same time, top line results fell short of analysts by $ 678.97 million or 17.7 percent.
Stock Performance
Shares of World Fuel Services Corporation traded low $ -1.91 or -9.09 percent on Wednesday, reaching $ 19.10 with volume of 550.10 thousand shares. World Fuel Services Corporation has traded high as $ 20.44 and has cracked $ 18.92 on the downward trend
According to the previous trading day, closing price of $ 19.10, representing a 11.05 % increase from the 52 week low of $ 18.92 and a 52.65 % decrease over the 52 week high of $ 44.37.
The company has a market capital of $ 1.21 billion and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
Conference Call
World Fuel Services Corporation will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wfscorp.com
World Fuel Services Corporation engages in the distribution of fuel, and related products and services in the aviation, marine, and land transportation industries worldwide. Its Aviation segment supplies fuel, and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, military fleets, the U.S. and foreign governments, and intergovernmental organizations.
