05:05 AM EDT, 08/08/2024 (MT Newswires) -- (Updates with the stock move in the headline and the sixth paragraph.)

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 EPS of $5.18 and revenue of $1.05 billion.

Shares of the company were 5.3% lower in premarket activity on Thursday.

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.

Price: 256.00, Change: -14.28, Percent Change: -5.28