WEX Inc. Reports Third Quarter 2020 Financial Results
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Wex, Inc. (WEX) Misses Q3 EPS by 12c, Revenues Miss
October 29, 2020 6:37 AM EDTWex, Inc. (NYSE: WEX) reported Q3 EPS of $1.59, $0.12 worse than the analyst estimate of $1.71. Revenue for the quarter came in at $382.1 million versus the consensus estimate of $394.92 million.
In the third quarter, we again demonstrated our ability to adapt to the rapidly-changing operating environment. While demand remained muted due to global uncertainty around COVID-19, spend volumes across all segments steadily recovered as we progressed through the quarter. Notably, our corporate payments customers and U.S. health business experienced year-over-year top-line growth, driven by the recovery of B2B payments volumes and increased SaaS... More
