Wex, Inc. (WEX) Tops Q2 EPS by 6c, Offers Mixed Guidance

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Go back to Wex, Inc. (WEX) Tops Q2 EPS by 6c, Offers Mixed Guidance

WEX Inc. Reports Second Quarter 2016 Financial Results

July 27, 2016 6:45 AM EDT

SOUTH PORTLAND, Maine--(BUSINESS WIRE)-- WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today reported financial results for the three months ended June 30, 2016.

Second Quarter 2016 Financial Results

Total revenue for the second quarter of 2016 increased 9.5% to $233.9 million from $213.7 million for the second quarter of 2015. During the quarter, fuel prices and foreign currency translations negatively impacted revenue by $13.6 million and $2.2 million, respectively, when compared to the prior year period.

Net earnings attributable to WEX Inc. on a GAAP basis decreased $13.9 million to $12.6 million, or $0.32 per diluted share, compared... More