Market Overview

WEX: Q3 Earnings Insights

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Shares of WEX (NYSE: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

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.wexinc.com%2F&eventid=2639500&sessionid=1&key=AC6F8ACDD896699E2889AFE7DBF9F7F8&regTag=&sourcepage=register

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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Posted-In: Earnings News