WageWorks Q1 Adj. Profit Tops View - Quick Facts

(RTTNews) - WageWorks, Inc. (WAGE) posted first-quarter GAAP net income of $6.4 million, or $0.18 per share, compared to $4.6 million, or $0.14 per share in the prior year quarter.

Non-GAAP net income for the latest fourth quarter rose to $9.0 million, or $0.25 per share, from $6.9 million, or $0.20 per share in the comparable quarter last year. On average, five analysts polled by Thomson Reuters expected the company to report earnings of $0.22 per share. Analysts' estimates typically exclude special items.

Total revenues for the quarter were $62.62 million, up 12% from $56.12 million in the year-ago period, while five analysts expected revenue of $61.92 million for the quarter.