WEX - WEX Non-GAAP EPS of $3.63 beats by $0.11 revenue of $621.3M in-line

2023-07-27 06:32:46 ET

• WEX press release ( NYSE: WEX ): Q2 Non-GAAP EPS of $3.63 beats by $0.11 .
• Revenue of $621.3M (+3.9% Y/Y) in-line.
• 2Q revenue increased 4% year-over-year to a second quarter record $621 million, driven by 34% growth in the Benefits segment and 21% in the Corporate Payments segment
• For the third quarter of 2023, the Company expects revenue in the range of $629 million to $639 million and adjusted net income attributable to shareholders in the range of $3.65 to $3.75 per diluted share.
• For the full year 2023, the Company now expects revenue in the range of $2.50 billion to $2.52 billion, up from the prior guidance range of $2.45 billion to $2.49 billion. Adjusted net income attributable to shareholders is now expected to be in the range of $14.15 to $14.35 per diluted share, an increase from the prior guidance range of $13.85 to $14.25 per diluted share.

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