financetom
Business
financetom
/
Business
/
Corpay Q2 Adjusted Earnings, Revenue Rise; 2024 Outlook Updated
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Corpay Q2 Adjusted Earnings, Revenue Rise; 2024 Outlook Updated
Aug 7, 2024 1:57 PM

04:43 PM EDT, 08/07/2024 (MT Newswires) -- Corpay ( CPAY ) reported Q2 adjusted earnings late Wednesday of $4.55 per diluted share, up from $4.19 a year earlier.

Analysts surveyed by Capital IQ expected $4.51.

Revenue in the quarter ended June 30 rose to $975.7 million from $948.2 million a year earlier.

Analysts surveyed by Capital IQ expected $975.4 million.

The company expects Q3 adjusted EPS of $4.90 to $5.00 on revenue of $1.02 billion to $1.04 billion. Analysts surveyed by Capital IQ expect adjusted EPS of $5.18 and revenue of $1.05 billion.

Corpay ( CPAY ) updated 2024 adjusted EPS guidance to $18.85 to $19.15 on revenue of $3.98 billion to $4.03 billion, compared with EPS of $18.80 to $19.20 on revenue of $3.96 billion to $4.04 billion previously. Analysts surveyed by Capital IQ expect EPS of $18.98 and revenue of $4 billion.

Corpay ( CPAY ) said it completed the acquisition of Paymerang for an undisclosed amount on July 1.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Saudi Aramco maintains $31 billion dividend despite lower Q1 net income
Saudi Aramco maintains $31 billion dividend despite lower Q1 net income
May 7, 2024
DUBAI (Reuters) -Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its shareholders despite reporting lower earnings for the first quarter on Tuesday, hit by lower oil prices and volumes sold. The Saudi government, which directly holds about 82.2% of Aramco, relies heavily on the company's payouts, which also include royalties...
Japan warns of action over rapid currency moves
Japan warns of action over rapid currency moves
May 7, 2024
TOKYO (Reuters) -Japan may have to take action against any disorderly, speculative-driven foreign exchange moves, the government's top currency diplomat Masato Kanda said on Tuesday, reinforcing Tokyo's readiness to intervene again to support a fragile yen. It is preferable for exchange rates to remain in a stable manner following fundamentals, and if the market is functioning soundly in this way,...
UBS smashes estimates with first profit since Credit Suisse takeover
UBS smashes estimates with first profit since Credit Suisse takeover
May 7, 2024
ZURICH (Reuters) - UBS on Tuesday reported net income for January-March that was nearly triple estimates as the bank logged its first quarterly profit since taking over fallen rival Credit Suisse. The group's wealth management arm also reported $27 billion in net new assets for the first quarter of the year, compared to $22 billion for the three months prior....
Abu Dhabi developer Aldar picks banks for 10-year green sukuk
Abu Dhabi developer Aldar picks banks for 10-year green sukuk
May 7, 2024
May 7 (Reuters) - Abu Dhabi's largest real estate developer Aldar Properties has hired banks for its 10-year green sukuk offering, an arranging bank document showed on Tuesday. The developer has picked HSBC ( HSBC ) and Standard Chartered Bank ( SCBFF ) as joint global coordinators, while ADCB, ADIB, Dubai Islamic Bank, Emirates NBD Capital, FAB, Mashreq and Morgan...
Copyright 2023-2026 - www.financetom.com All Rights Reserved