World Kinect Corporation reported a significant fourth-quarter loss of $279.7 million, or $5.11 per share, falling short of analyst expectations. For the full fiscal year, the company posted an annual loss of $614.4 million on revenues of $36.92 billion. Despite the losses, World Kinect generated $9.03 billion in quarterly revenue and provided a forward-looking earnings per share guidance of $2.20 to $2.40 for the coming year.
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World Kinect Financial Results: Q4 and Annual Loss Reported for Fiscal Year - News and Statistics
World Kinect Corporation reported a significant fourth-quarter loss of $279.7 million, or $5.11 per share, falling short of analyst expectations. For the full fiscal year, the company posted an annual loss of $614.4 million on revenues of $36.92 billion. Despite the losses, World Kinect generated $9.03 billion in quarterly revenue and provided a forward-looking earnings per share guidance of $2.20 to $2.40 for the coming year.