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Corpay forecasts Q3 2024 revenues to be at $1.029bn

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Corpay forecasts Q3 2024 revenues to be at $1.029bn


Corpay, Inc. (NYSE:CPAY), a corporate payments company, today announced certain preliminary financial results for its third quarter ended September 30, 2024.

Revenue for the third quarter of 2024 is expected to be $1.029 billion.

Same store sales remained stable sequentially in the third quarter, and were essentially flat. Segment results were in line with company expectations.

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Earnings per diluted share are expected to be $3.90. Adjusted earnings per diluted share are expected to be $5.001. The company reiterated its full year adjusted earnings per share guidance of $19.001, at the mid-point provided on August 7, 2024.

“We’re pleased that our third quarter results finished at the higher end of our revenue and earnings guidance ranges. Our confidence in our fourth quarter outlook is higher today than in August, and calls for low double digit organic revenue growth, and an annualized Cash EPS exit run-rate above $21.00,” said Ron Clarke, chairman and chief executive officer, Corpay, Inc.

The Company will hold its regularly scheduled earnings call at 5:00 pm on November 7, 2024.



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Saylor’s Bitcoin custody debacle highlights growing divide in crypto community

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Saylor’s Bitcoin custody debacle highlights growing divide in crypto community


As institutional interest in Bitcoin soars, the crypto community grapples with fundamental questions about custody and control.



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Binance founder CZ sees positive shift in crypto regulation worldwide 

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Binance founder CZ sees positive shift in crypto regulation worldwide 


Developing crypto regulations, along with a political shift toward cryptocurrencies, is a “very positive direction” for the industry, according to Changpeng Zhao.



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Harris win unlikely to rock Bitcoin price, but crypto fears persist, say observers

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Harris win unlikely to rock Bitcoin price, but crypto fears persist, say observers


With the US presidential elections nearing and no clear frontrunner, uncertainty looms over what effect the victor will have on the crypto sector.



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Missing Bitcoin and lost execs: Halloween’s creepiest crypto mysteries

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Missing Bitcoin and lost execs: Halloween’s creepiest crypto mysteries


It’s Bitcoin White Paper Day, but it’s also Halloween. Here are Cointelegraph’s six crypto mysteries to share around the campfire.



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Bitget wallet on Telegram hits 6 million users 3 days after launch

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Bitget wallet on Telegram hits 6 million users 3 days after launch


Bitget Wallet’s Telegram Mini App, Bitget Wallet Lite mini, has attracted more than six million users in just three days after its soft launch.



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Bitcoin at 16: From experiment to trillion-dollar asset

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Bitcoin at 16: From experiment to trillion-dollar asset


In just 16 years, Bitcoin has grown to become the world’s 10th largest asset and the best currency for “financial freedom,” according to Tether CEO, Paolo Ardoino.



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