World Fuel Services Reveals 9% Drop In Q4 Earnings

(RTTNews) - World Fuel Services (INT) reported a profit for fourth quarter that fell compared to the same period last year.

The company said its bottom line fell to $62.1 million, or $0.88 per share. This was lower than $68.0 million, or $0.96 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 31.2% to $6.73 billion. This was down from $9.78 billion last year.

World Fuel Services earnings at a glance:

-Earnings (Q4): $62.1 Mln. vs. $68.0 Mln. last year. -Earnings Decline (Y-o-Y): -8.7% -EPS (Q4): $0.88 vs. $0.96 last year. -EPS Decline (Y-o-Y): -8.3% -Revenue (Q4): $6.73 Bln vs. $9.78 Bln last year. -Revenue Change (Y-o-Y): -31.2%