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FleetCor Technologies, Inc. Q2 adjusted earnings Beat Estimates

FleetCor Technologies, Inc. (FLT) reported earnings for second quarter that declined from last year.

The company's earnings came in at $158.49 million, or $1.83 per share. This compares with $261.65 million, or $2.90 per share, in last year's second quarter.

Excluding items, FleetCor Technologies, Inc. reported adjusted earnings of $197.43 million or $2.28 per share for the period.

Analysts had expected the company to earn $2.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 18.8% to $525.15 million from $647.09 million last year.

FleetCor Technologies, Inc. earnings at a glance:

-Earnings (Q2): $197.43 Mln. vs. $256.74 Mln. last year.
-EPS (Q2): $2.28 vs. $2.85 last year.
-Analysts Estimate: $2.23
-Revenue (Q2): $525.15 Mln vs. $647.09 Mln last year.

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