World Fuel Services Q4 Profit Rises - Quick Facts

(RTTNews) - World Fuel Services Corp. (INT) reported fourth-quarter net income to company of $67.13 million or $0.94 per share, compared to $51.86 million or $0.73 per share, prior year. Excluding the impact of the previously announced sale of interests in the company's crude oil joint ventures and certain one-time expenses, adjusted net income was $57.6 million or $0.81 per share, for the quarter. Non-GAAP net income excluding share-based compensation, amortization of acquired intangible assets, gain from the sale of interests in the crude oil joint ventures and certain one-time expenses were $68.1 million and $0.96 per share, for the quarter.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.77 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $9.78 billion from $10.41 billion last year. Analysts expected revenue of $11.24 billion for the quarter.