WEX Inc

Fuel card provider WEX sees ‘slow and steady’ recovery in 2021

Shares of WEX down on below-consensus revenue outlook for first quarter

Truck fleet payments and fuel card provider WEX Inc. (NYSE: WEX) reported adjusted earnings per share of $1.45 Wednesday, 2 cents light of the consensus estimate and $1.16 lower year-over-year. The headline number was a loss of $5.30 per share, which included more than $200 million in one-off acquisition-related expenses and a goodwill impairment charge.

The Portland, Maine-based company reported a 9% year-over-year decline in consolidated revenue as activity in the company’s fleet segment...

https://www.freightwaves.com/news/fuel-card-provider-wex-sees-slow-and-steady-recovery-in-2021

Wex misses third-quarter earnings and revenue estimates

Wex Inc. (NYSE: WEX) on Thursday reported third-quarter revenue of $382.1 million, down 17% from $460 million in Q3 2019, and adjusted earnings per share (EPA) of $1.59.

The quarterly results fell short of Wall Street expectations, with most analysts predicting earnings of $1.71 to $1.73 per share and revenue of $395 million.

“As expected, the pandemic continues to impact business activity within our customer base,” Wex CEO Melissa Smith said during the company’s quarterly earnings call....

https://s29755.pcdn.co/news/wex-misses-third-quarter-earnings-and-revenue

Wex reports first-quarter net loss of $16.3 million and EPS miss

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