Why World Fuel Services Corp Stock Is Plunging Today [The Motley Fool]
World Fuel Services Corporation (INT)
Last world fuel services corporation earnings: 4/30 04:21 pm
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ir.wfscorp.com
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Source: The Motley Fool
The fuel distribution specialist continues to face challenges. Matthew DiLallo ( TMFmd19 ) Apr 27, 2018 at 3:27PM What happened Shares of World Fuel Services Corp ( NYSE:INT ) are plunging today, down more than 22% as of 2:45 p.m. EDT, after the company announced first-quarter results. So what World Fuel Services reported adjusted net income of $35 million, or $0.52 per share, which was in line with analysts' expectations and a $0.03-per-share improvement from the year-ago period. In fact, CEO Michel Kasbar said that the company was off to a good start in 2018, noting that it was benefiting from seasonal increases in our land business and solid performance by our aviation and marine segments. However, he also stated that while the company was pleased with our first quarter results, it remains focused on increasing levels of profitability and ret
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