Wex, Inc. (WEX) Misses Q1 EPS by 23c, Revenues Beat; Withdraws FY20 Guidance

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Go back to Wex, Inc. (WEX) Misses Q1 EPS by 23c, Revenues Beat; Withdraws FY20 Guidance

WEX Inc. Reports First Quarter 2020 Financial Results and Provides Business Update Regarding COVID-19

May 7, 2020 6:30 AM EDT

PORTLAND, Maine--(BUSINESS WIRE)-- WEX Inc. (NYSE: WEX), a leading financial technology service provider, today reported financial results for the three months ended March 31, 2020.

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. Smith continued,... More