Wex, Inc. (WEX) Tops Q2 EPS by 4c, Revenues Beat; Offers FY18 EPS/Revenue GUidance
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WEX Inc. Reports Second Quarter 2018 Financial Results
August 2, 2018 6:30 AM EDTTotal Revenue for the Quarter Increased 22%
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, 2018.
Second Quarter 2018 Financial Results
Total revenue for the second quarter of 2018 increased 22% to $370.9 million from $303.9 million for the second quarter of 2017. Of the $67 million increase in the quarter, only $16.6 million was the result of higher fuel prices.
Net income attributable to shareholders on a GAAP basis increased by $22.2 million to $39.3 million, or $0.90 per diluted share,... More
