WEX Q4 Profit Increases, Guides Q1, 2015 EPS Below View - Quick Facts

(RTTNews) - Corporate payment solutions provider WEX, Inc. (WEX) reported that fourth-quarter net income to common shareholders rose to $47.89 million or $1.23 per share from $34.47 million or $0.88 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $37.23 million or $0.96 per share, compared to $45.68 million or $1.17 per share in the year-ago quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $1.12 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter increased 16 percent to $211.86 million from $182.28 million in the same quarter last year. Analysts expected revenues of $207.59 million for the quarter.

Looking ahead to the first quarter, WEX expects adjusted earnings in a range of $0.94 to $1.02 per share, on projected revenues between $192 million and $201 million. Analysts expect the company to report earnings of $1.13 per share on revenues of $204.48 million for the quarter.

For fiscal 2015, the company expects adjusted earnings in a range of $4.90 to $5.20 per share, on projected revenues between $860 million and $890 million. Street is currently looking for full-year 2015 earnings of $5.27 per share on annual revenues of $880.81 million.