WEX Inc. Reports First Quarter 2020 Financial Results and Provides Business Update Regarding COVID-19
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Wex, Inc. (WEX) Misses Q1 EPS by 23c, Revenues Beat; Withdraws FY20 Guidance
May 7, 2020 6:32 AM EDTWex, Inc. (NYSE: WEX) reported Q1 EPS of $1.81, $0.23 worse than the analyst estimate of $2.04. Revenue for the quarter came in at $431.68 million versus the consensus estimate of $424.31 million.
WEX began the year benefiting from favorable execution and building upon the strong momentum coming out of 2019. Despite the challenges and uncertainties caused by the COVID-19 pandemic, we finished strong with top-line growth across all segments and improved operating income by expanding our market share and leveraging our recent strategic acquisitions in the first quarter, said Melissa Smith, WEXs Chair and Chief Executive Officer.
Ms.... More
