WEX Lifts Full-Year EPS Outlook After Q2 Revenue Rises 14.2% to $753.5 Million
Updated
Updated · Yahoo Finance · Aug 18
WEX Lifts Full-Year EPS Outlook After Q2 Revenue Rises 14.2% to $753.5 Million
1 articles · Updated · Yahoo Finance · Aug 18
Summary
WEX posted Q2 revenue of $753.5 million, up 14.2% from a year earlier, topping analysts’ estimates by 1.8%.
The earnings report also included full-year EPS guidance above Wall Street expectations and an EBITDA beat, making it one of the stronger quarters in the diversified financial services group.
WEX delivered the biggest full-year guidance raise among the 10 peers tracked, while the sector overall beat revenue estimates by 1.3% and kept next-quarter guidance roughly in line.
Shares have climbed 21.4% since the results and recently traded at $188.94, outpacing the group’s average 2.1% gain after earnings.