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Stock impact report

Wex: Q4 Earnings Snapshot [Yahoo! Finance]

WEX Inc. common stock (WEX) 
NASDAQ:AMEX Investor Relations: wexinc.com/payment-solutions/virtual-payments
Company Research Source: Yahoo! Finance
In This Article WEX SOUTH PORTLAND, Maine (AP) — SOUTH PORTLAND, Maine (AP) — Wex Inc. (WEX) on Wednesday reported fourth-quarter net income of $63.9 million. The South Portland, Maine-based company said it had net income of $1.60 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $3.57 per share. The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.54 per share. The provider of fuel payment processing for fleet vehicles posted revenue of $636.5 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $632.1 million. For the year, the company reported profit of $309.6 million, or $7.50 per share. Revenue was reported as $2.63 billion. For the current quarter ending in March, Wex expects its per-share earnings to range from $3.35 to $3.50. The company said it expects revenue in the range of $625 million Show less Read more
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