World Fuel Services Profit Drops 29% In Q1

(RTTNews) - World Fuel Services (INT) revealed earnings for first quarter that declined compared to the same period last year.

The company said its bottom line fell to $44.5 million, or $0.64 per share. This was down from $62.5 million, or $0.90 per share, in last year's first quarter.

The company said revenue for the quarter rose 57.8% to $8.19 billion. This was up from $5.19 billion last year.

World Fuel Services earnings at a glance:

-Earnings (Q1): $44.5 Mln. vs. $62.5 Mln. last year. -Earnings Decline (Y-o-Y): -28.8% -EPS (Q1): $0.64 vs. $0.90 last year. -EPS Decline (Y-o-Y): -28.9% -Revenue (Q1): $8.19 Bln vs. $5.19 Bln last year. -Revenue Change (Y-o-Y): 57.8%