Wex (WEX) Tops Q3 EPS by 12c; Guides Q4, FY16
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WEX Inc. and ExxonMobil Extend North American Fleet Card Contract for 10 More Years
October 27, 2016 6:46 AM EDTSOUTH PORTLAND, Maine--(BUSINESS WIRE)-- WEX Inc. (NYSE: WEX), a global provider of industry-leading corporate payments solutions, today announced a ten-year extension of its North American fleet card contract with Exxon Mobil Corporation (NYSE: XOM) and Imperial Oil, whose managing partner is Imperial Oil Limited (NYSE: IMO).
Under the agreement, WEX will continue to provide... More
WEX Inc. Reports Third Quarter 2016 Financial Results
October 27, 2016 6:45 AM EDTSOUTH PORTLAND, Maine--(BUSINESS WIRE)-- WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today reported financial results for the three months ended September 30, 2016.
Third Quarter 2016 Financial Results
Total revenue for the third quarter of 2016 increased 27.3% to $287.8 million from $226.1 million for the third quarter of 2015. During the quarter, lower fuel prices negatively impacted revenue by $10.7 million when compared to the prior year period. The impact of foreign currency translation was not material.
Net earnings attributable to shareholders on a GAAP basis decreased $12.5 million to $19.7 million, or $0.46 per diluted share,... More
