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WEX Inc Issues Q3 2013 Guidance In Line With Analysts' Estimates; Narrows FY 2013 Revenue Guidance; Raises FY 2013 Earnings Guidance


Wednesday, 31 Jul 2013 07:30am EDT 

WEX Inc announced that for third quarter of 2013, it expects revenue in the range of $186-$193 million and adjusted net income in the range of $45-$48 million or $1.16-$1.23 per diluted share (EPS). For fiscal 2013, the Company expects revenue in the range of $718-$728 million and adjusted net income to be in the range of $167-$171 million or $4.27-$4.37 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $188 million, net income of $45 million and EPS of $1.17 for the third quarter of 2013; and net income of $167 million and EPS of $4.29 for fiscal 2013. 

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