WEX Inc. WXS, a leading international provider of physical, digital
and virtual corporate card payment solutions, announced today that it has
extended its existing fuel-price risk management program through the second
quarter of 2014.
On December 10, 2012, the Company purchased instruments to cover a portion of
its anticipated domestic fuel-price-related earnings exposure for the fourth
quarter of 2013, and first and second quarters of 2014. At this time, WEX has
hedged approximately: 60% of its exposure through the fourth-quarter of 2013,
40% of its first-quarter 2014 exposure and 20% of its second-quarter 2014
exposure. Going forward, the Company intends to hedge approximately 60% of its
domestic fuel-price-related earnings exposure in every quarter on a rolling
basis.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in