SOUTH PORTLAND, Maine (AP) — SOUTH PORTLAND, Maine (AP) — Wex Inc. (WEX) on Wednesday reported second-quarter profit of $68.1 million.
On a per-share basis, the South Portland, Maine-based company said it had profit of $1.98. Earnings, adjusted for one-time gains and costs, were $3.95 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.69 per share.
The provider of fuel payment processing for fleet vehicles posted revenue of $659.6 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $653.6 million.
For the current quarter ending in September, Wex expects its per-share earnings to range from $4.30 to $4.50.
The company said it expects revenue in the range of $669 million to $689 million for the fiscal third quarter.
Wex expects full-year earnings in the range of $15.37 to $15.77 per share, with revenue ranging from $2.61 billion to $2.65 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WEX at https://www.zacks.com/ap/WEX
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