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Recap: WEX Q2 Earnings

Benzinga Insights
·1 min read

Shares of WEX (NYSE:WEX) were unchanged in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 46.93% year over year to $1.21, which missed the estimate of $1.39.

Revenue of $347,084,000 decreased by 21.44% from the same period last year, which missed the estimate of $349,010,000.

Looking Ahead

WEX hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jul 30, 2020

View more earnings on WEX

Time: 09:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.wexinc.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2453500&sessionid=1&key=3B5E0016D00B3D599FED898E632B267F&regTag=&sourcepage=register

Recent Stock Performance

52-week high: $236.51

Company's 52-week low was at $71.12

Price action over last quarter: Up 27.44%

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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