WageWorks (WAGE) Tops Q2 EPS by 2c

WageWorks (NYSE: WAGE) reported Q2 EPS of $0.36, $0.02 better than the analyst estimate of $0.34. Revenue for the quarter came in at $87.7 million versus the consensus estimate of $87.42 million.

“The first half of 2016 was another strong one for WageWorks. Our selling season is progressing extremely well due to record interest in all of our products. Employers are increasingly choosing us as their administrator for Consumer Directed Benefits because of our service excellence and the ease of use of our programs on one consolidated platform. We have entered into several new channel partnerships and have expanded others. We expect this positive momentum to continue in the second half of the year as we capitalize on the expansion we are seeing in the industry,” said Joe Jackson, Chief Executive Officer of WageWorks.

For earnings history and earnings-related data on WageWorks (WAGE) click here.

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