Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
7/31/2013 8:25:00 AM Write a Letter to the Editor Write a letter to the Editor

WEX Inc.’s Net Income Rises

Fleet payment processing company WEX Inc. said its second-quarter profit rose from a year ago.

Net income increased to $42.2 million, or $1.08 cents a share, from $30.3 million, or 78 cents, a year ago, said WEX, which was previously known as Wright Express.

The South Portland, Maine-based company’s revenue rose 16% to $178.3 million.

WEX expects its third-quarter revenue to rise on higher fuel prices to $186 million to $193 million, and its income to rise to $45 million to $48 million, or $1.16 to $1.23 per share.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement