Wex, Inc. (WEX) Tops Q2 EPS by 4c

Wex, Inc. (NYSE: WEX) reported Q2 EPS of $1.29, $0.04 better than the analyst estimate of $1.25. Revenue for the quarter came in at $213.7 million versus the consensus estimate of $217.85 million.

Wex, Inc. sees Q3 2015 EPS of $1.38-$1.46, versus the consensus of $1.45. Wex, Inc. sees Q3 2015 revenue of $224-233 million, versus the consensus of $234.24 million.

Wex, Inc. sees FY2015 EPS of $4.94-$5.14, versus the consensus of $5.10. Wex, Inc. sees FY2015 revenue of $847-872 million, versus the consensus of $879.6 million.

"I am pleased to report solid top and bottom line results this quarter that were in line with our expectations. WEX Europe Services and Evolution1 continue to progress better than anticipated, which have partially offset softness in macroeconomic factors, including continued fuel price headwinds. As we move into the second half of the year, I am encouraged by the momentum our team is demonstrating across our high-growth verticals and geographies and the underlying organic growth in the business," said Melissa Smith, WEX's president and chief executive officer.

Smith continued, "Overall, I remain optimistic about the trajectory of our long term growth. Our guidance assumes that 2015 will continue to be a year of investment as we ramp our global operations and optimize the efficiency of our expanded infrastructure and assets. We have established the building blocks we need to retain our market leadership in our core segments while expanding our reach in high-growth, emerging industries. We will continue to seek strategic acquisitions that complement our business or enhance our offering in the market."

For earnings history and earnings-related data on Wex, Inc. (WEX) click here.

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