Shares of WEX WEX fell 0.1% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share decreased 38.61% year over year to $1.59, which missed the estimate of $1.73.
Revenue of $382,116,000 decreased by 16.92% from the same period last year, which missed the estimate of $394,630,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
WEX hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Oct 29, 2020
Time: 09:00 AM
Recent Stock Performance
Company's 52-week high was at $236.51
52-week low: $71.12
Price action over last quarter: down 15.65%
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.
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