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World Kinect beat earnings estimates but missed revenue targets, seeing its stock rise to $30.04.
World Kinect (WKC) reported quarterly earnings of $0.62 per share, beating estimates by $0.05, though its $9.76 billion in revenue fell short of expectations.
The stock rose to $30.04 on Friday, up $2.44.
WKC has a market cap of $1.74 billion and offers services in energy management, fuel management, and price risk management.
Despite a dividend yield of 2.26%, Stifel Nicolaus lowered its stock target to $30.00 with a "hold" rating.
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World Kinect superó las estimaciones de ingresos, pero perdió los objetivos de ingresos, al ver su stock subir a $30.04.