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What: Shares of Wright Express
So what: Third-quarter revenue soared by 52% from $100.2 million last year to $151.9 million, while earnings per share jumped 38% to $0.99. The results toppled the consensus estimates of $146.5 million in sales and $0.93 earnings per share.
Now what: Guidance for next quarter is below what the Street is looking for, but it looks like investors are focusing on the good news today. The company has been seeing healthy growth in its payment-solutions segment, while Wright Express has diversified its business over the past few years. Full-year revenue is estimated to be between $548 million and $553 million, with earnings per share in the range of $3.53 to $3.59.
Interested in more info on Wright Express? Add it to your watchlist.
Fool contributor Evan Niu holds no position in any company mentioned. Check out his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.