WEX Inc. Reports Second Quarter 2019 Financial Results
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Wex, Inc. (WEX) Tops Q2 EPS by 2c, Revenues Beat; Offers Q3 EPS Guidance Below Consensus, FY19 EPS Mid-Point Guidance Below Consensus
August 1, 2019 6:34 AM EDTWex, Inc. (NYSE: WEX) reported Q2 EPS of $2.28, $0.02 better than the analyst estimate of $2.26. Revenue for the quarter came in at $441.8 million versus the consensus estimate of $440.72 million.
Average number of vehicles serviced was approximately 13.9 million, an increase of 18% from the second quarter of 2018.Total fuel transactions processed increased 10% from the second quarter of 2018 to 153.7 million. Payment processing transactions increased 10% to 128.0 million.U.S. retail fuel price decreased 4% to $2.91 per gallon from $3.02 per gallon in the second quarter of 2018.Travel and Corporate Solutions purchase volume grew 13% to $10.0 billion from... More