Wex, Inc. (WEX) Tops Q3 EPS by 7c, Revenues Beat; Offers FY18 EPS/Revenue Outlook Above Consensus

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Go back to Wex, Inc. (WEX) Tops Q3 EPS by 7c, Revenues Beat; Offers FY18 EPS/Revenue Outlook Above Consensus

WEX Inc. Reports Third Quarter 2018 Financial Results

October 31, 2018 6:30 AM EDT

Total Revenue for the Quarter Increased 18%

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 September30, 2018.

Third Quarter 2018 Financial Results

Total revenue for the third quarter of 2018 increased 18% to $382.7 million from $324.0 million for the third quarter of 2017. Of the $58.7 million increase in the quarter, $17.8 million was the result of higher fuel prices.

Net income attributable to shareholders on a GAAP basis increased by $23.4 million to $57.3 million, or $1.31 per diluted share,... More