World Kinect Reports Q3 Earnings Beat with $13.27 Billion in Revenue
World Kinect (WKC) reported third-quarter financial results that exceeded analyst expectations on both the top and bottom lines. The company posted Non-GAAP earnings per share of $0.99, surpassing estimates by $0.03, while total revenue reached $13.27 billion, representing a significant 41.3% increase year-over-year. The substantial revenue beat of $930 million was driven largely by fuel price volatility, which impacted the company's financial performance during this period. Gross profit for the quarter stood at $288 million, with an adjusted gross profit of $279 million.
Tickers: $WKC
Topics: earnings beat non-GAAP EPS revenue growth