Wex, Inc. (WEX) Tops Q4 EPS by 5c, Offers Q1 and FY Guidance
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WEX Inc. Reports Fourth Quarter and Full Year 2019 Financial Results
February 13, 2020 6:30 AM ESTPORTLAND, Maine--(BUSINESS WIRE)-- WEX Inc. (NYSE: WEX), a leading financial technology service provider, today reported financial results for the three months and year ended December 31, 2019.
Fourth Quarter and Full Year 2019 Financial Results
Total revenue for the fourth quarter of 2019 increased 15% to $440.0 million from $381.2 million for the fourth quarter of 2018. The $58.8 million increase in the quarter includes an $8.7 million negative impact from lower average fuel prices and foreign exchange rates. In addition, the 4th quarter includes a $20.9 million reduction to properly reflect fleet segment revenue and... More
