Shares of WEX WEX were unchanged in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share were down 46.93% year over year to $1.21, which missed the estimate of $1.39.
Revenue of $347,084,000 decreased by 21.44% from the same period last year, which missed the estimate of $349,010,000.
Looking Ahead
WEX hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Details Of The Call
Date: Jul 30, 2020
Time: 09:00 AM
Recent Stock Performance
52-week high: $236.51
Company's 52-week low was at $71.12
Price action over last quarter: Up 27.44%
Company Profile
WEX Inc is a provider of corporate payment solutions. The company operates three business segments: fleet solutions, travel and corporate solutions, and health and employee benefit solutions. Fleet solutions, the largest segment by revenue, provides fleet vehicle payment-processing services for commercial and government fleets. Travel and corporate solutions offer business-to-business payment processing and transaction monitoring services. Health and employee benefit solutions generate revenue from healthcare payment products and its consumer-directed software platform. Wex's largest end market is the United States of America.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.