WEX Q3 Profit Down

(RTTNews) - WEX Inc. (WEX) reported that its third-quarter net income attributable to shareholders decreased to $14.6 million or $0.33 per share, from $56.6 million or $1.30 per share, last year.

Adjusted net income attributable to shareholders, was $113.5 million or $2.59 per share, up from $97.1 million or $2.23 per share in the same quarter last year.

Total revenue for the third quarter of 2019 increased 19% to $460.0 million from $386.6 million for the third quarter of 2018. The $73.3 million revenue increase in the quarter included an $8.5 million negative impact as a result of lower average fuel prices.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos