08:21 AM EDT, 07/25/2024 (MT Newswires) -- WEX (WEX) reported Q2 adjusted earnings Thursday of $3.91 per diluted share, up from $3.63 a year earlier.

Analysts polled by Capital IQ expected $3.81.

Total revenue for the quarter ended June 30 was $673.5 million, compared with $621.3 million a year earlier.

Analysts surveyed by Capital IQ expected $680.1 million.

For Q3, the company said it expects adjusted earnings of $4.42 to $4.52 per diluted share on revenue of $688 million to $698 million. Analysts surveyed by Capital IQ expect earnings of $4.45 on revenue of $704.9 million.

For 2024, the company said it now expects adjusted diluted EPS to be between $15.98 and $16.38, from a prior outlook of $16.10 to $16.60. Analysts surveyed by Capital IQ expect $16.27. WEX also cut its revenue outlook to $2.68 billion to $2.72 billion from its previously announced guidance of $2.73 billion to $2.77 billion. Analysts polled by Capital IQ expect $2.74 billion.

WEX shares were down 0.4% in Thursday premarket activity

Price: 176.00, Change: -2.79, Percent Change: -1.56