World Kinect Corporation Reports Fourth-Quarter Loss
MIAMI (AP) — World Kinect Corporation (WKC) reported a loss of $101.8 million in its fourth quarter, the Miami-based company said Thursday.
The loss amounted to $1.77 per share. Adjusted for one-time gains and costs, earnings were 62 cents per share, exceeding Wall Street expectations. Analysts surveyed by Zacks Investment Research had forecast earnings of 52 cents per share.
Revenue for the quarter was $9.76 billion, below the Street forecast of $10.32 billion, according to four analysts surveyed by Zacks.