WEX Inc. Reports Second Quarter 2018 Financial Results
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August 3, 2018 9:27 AM EDT
Oppenheimer raised its price target on WEX Inc. (NYSE: WEX) to $205.00 (from $176.00) while maintaining an Outperform rating.
Analyst Glenn Greene commented, "66% Y/Y EPS growth to $2.09 (vs. our/Street's $2.01/$2.04 ests). Encouragingly, WEX signed an agreement with Shell to become its commercial... More
August 2, 2018 6:42 AM EDT
Wex, Inc. (NYSE: WEX) reported Q2 EPS of $2.09, $0.04 better than the analyst estimate of $2.05. Revenue for the quarter came in at $370.9 million versus the consensus estimate of $366.21 million.
I am pleased to report another strong quarter and a successful first half of the year, highlighted by top and bottom line results above our guidance range with strong contributions from each of our business segments said Melissa Smith, WEXs president and chief executive officer. We remain focused on our sustained ability to leverage our talent and technology to bring compelling business-to-business products to... More
