World Fuel Services sinks to 52-week low amid declining bunker sales [Seeking Alpha]
World Fuel Services Corporation (INT)
Last world fuel services corporation earnings: 4/30 04:21 pm
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US:NYSE Investor Relations:
ir.wfscorp.com
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Source: Seeking Alpha
World Fuel Services sinks to 52-week low amid declining bunker salesWorld Fuel Services (INT-14.6%) plunges as much as 18% to a 52-week low after reporting a sharpQ4 earnings miss, as gross profit in the company's marine segment fell 16% Y/Y to $126M.INT says itsold 26.5M metric tons of bunkers in 2017, a 15.6% drop from 31.4M metric tons sold the previous year and following reduced quarterly volumes throughout the year.INT says it has seen "growing weakness" in maritime markets over the last year, along with a further decline in demand for price risk management products.See all stocks on the move »Now read:Should You Buy The Dip, Or Sell The Rally? »
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