WageWorks Q3 Profit Nearly Halves - Quick Facts

(RTTNews) - WageWorks, Inc. (WAGE) posted third-quarter net income of $4.11 million or $0.11 per share, lower than $7.75 million or $0.11 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $8.5 million, or $0.24 per share, compared to $6.6 million or $0.18 per share in the year-ago quarter.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.22 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 27 percent to $68.0 million from $53.57 million in the same quarter last year, while five analysts expected revenue of $67.14 million.