FleetCor signs Canadian fuel card outsourcing deal, shares +8%

FleetCor Technologies (FLT +8%) surges after late Wednesday's news that it signed a fuel card outsourcing agreement with CST Brands in Canada.

CST operates 850-plus retail fuel sites in eastern Canada and is one of the area's largest retail distributors of home heating oil.

In its Q4 earnings report yesterday, FLT beat estimates and issued in-line guidance for 2014, seeing EPS of $4.90-$5.00 vs. $4.91 analyst consensus and revenue of $1.07B-$1.09B vs. $1.10B consensus.

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