World Fuel Services Corp. (INT) reported third quarter net income of $51.5 million or $0.72 per share down from to $52.7 million or $0.74 per share in the third quarter of 2011. Analysts polled by Thomson Reuters expected the company to report earnings of $0.70 per share for the quarter. Analysts' estimates typically exclude special items.
Non-GAAP net income declined to $57.9 million or $0.81 per share, from $59.3 million or $0.83 in the year ago quarter.
Revenues for the quarter rose to $9.91 billion from $9.51 billion in the prior year quarter. Five analysts had consensus revenue estimate of $10.12 billion for the quarter.
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