MIAMI (AP) — MIAMI (AP) — World Kinect Corporation (WKC) on Thursday reported a loss of $34.8 million in its fourth quarter.
On a per-share basis, the Miami-based company said it had a loss of 58 cents. Earnings, adjusted for one-time gains and costs, came to 54 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The company that services ships, jets and trucks posted revenue of $12 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $12.23 billion.
For the year, the company reported profit of $52.9 million, or 86 cents per share. Revenue was reported as $47.71 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WKC at https://www.zacks.com/ap/WKC