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.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs