Wright Express rises 16% on better-than-expected Q2 earnings
Shares Wright Express Corporation (NYSE:WXS) are up 16% today after the company announced its second-quarter earnings had beat Wall Street expectations. For the second quarter, the South Portland, Maine-based company had a net loss of $24.4 million, or $0.63 per share, compared to a profit of $16.4 million, or $0.40 per share, for the same period a year ago. Revenues grew 29% from a year ago to $111 million. The company’s adjusted net income was $0.57 per share, while analysts were expecting earnings per share of $0.54.
At 2:44 p.m. ET, shares of Wright Express are at $27.88, up $3.88 from Tuesday’s close. The stock has ranged from $22.14 to $41.12 during the past year.
For detailed price information and recent news stories about Wright Express Corporation, click WXS.
