WEX Inc. (NYSE: WEX) said the coronavirus pandemic created an “unprecedented environment” causing business to “slow considerably” in the first quarter.
The company reported adjusted earnings per share (EPS) of $1.81, $0.23 lower than the consensus estimates of $2.04.
“The quarter started off very strong as we expected, but like many other businesses slowed significantly toward the end as the effects of stay home orders and restrictions of non-essential businesses went into place,” said Melissa...
https://www.freightwaves.com/news/wex-reports-first-quarter-net-loss-of-16-3-million-and-eps-miss