WEX Inc. Reports Third Quarter 2019 Financial Results
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UPDATE: Wex, Inc. (WEX) Reports In-Line Q3 EPS; Provides Q4 & FY19 EPS/Revenue Outlook
October 31, 2019 6:49 AM EDT(Updated - October 31, 2019 6:51 AM EDT)
Wex, Inc. (NYSE: WEX) reported Q3 EPS of $2.59, in-line with the analyst estimate of $2.59. Revenue for the quarter came in at $460 million versus the consensus estimate of $460.29 million.
Third Quarter 2019 Performance Metrics
Average number of vehicles serviced was approximately 14.3 million, an increase of 22% from the third quarter of 2018.Total fuel transactions processed increased 14% from the third quarter of 2018 to 162.2 million. Payment processing transactions increased 15% to 135.2 million.U.S. retail fuel price decreased 8% to $2.80 per gallon from... More