Reports Q3 revenue $1.03B, consensus $1.03B. “We surpassed $1 billion in quarterly revenue for the first time, led by Corporate Payments organic growth of 18%. Business fundamentals were quite good with same store sales and retention improving and sales remaining strong,” said Ron Clarke, chairman and chief executive officer, Corpay (CPAY), Inc. “We’re confident that our revenue growth will accelerate in the fourth quarter, which positions us well heading into 2025.”
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPAY:
- Corpay price target raised to $325 from $275 at Morgan Stanley
- Boeing to offer 90M common shares, Philips reports mixed Q3: Morning Buzz
- Corpay Inc Announces Strong Q3 Results and CEO Changes
- Corpay reports preliminary Q3 adjusted EPS $5.00, consensus $4.96
- Corpay price target raised to $415 from $385 at Barclays