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Latest WEX News From Around the Web
Below are the latest news stories about WEX Inc that investors may wish to consider to help them evaluate WEX as an investment opportunity.
Payments is a hard business. - Dan Schulman WEX Inc. (WEX) is a global payment solutions & accounts processing company that services businesses across three verticals - commercial & government fleet fuel cards, corporate & travel solutions, and health and employee benefits. A traditionally high-growth business that has been impacted...
WEX Inc. (WEX) Q2 2020 Earnings Conference Call July 30, 2020 10:00 AM ET Company Participants Steven Elder - IR Melissa Smith - CEO Roberto Simon - CFO Conference Call Participants Ashish Sabadra - Deutsche Bank Tien-Tsin Huang - JP Morgan Steven Wald - Morgan Stanley Ramsey El-Assal - Barclays...
WEX Inc. (NYSE: WEX ) reported earnings of $1.21 per share, a 46.9% decline compared to earnings of $2.28 per share a year ago, during the company's earnings call on Thursday. The Portland, Maine-based provider of fuel payment processing for fleet vehicles also reported revenues of $347.08 million for the quarter ended June 2020, compared to year-ago revenues of $441.81 million, a 21.4% decline. "Our second quarter results reflect the impact of the COVID-19 pandemic and underscore the resilience of our business, where we saw a few bright spots even in this challenged environment," said Melissa Smith, WEX's chair and chief executive officer. WEX reported net income increased by $58.9 million to $72.7 million during the second quarter, which Smith attributed to "disciplined capital alloca...
Wex (WEX) delivered earnings and revenue surprises of -15.97% and -1.69%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
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, 2020View more earnings on WEXTime: 09:00 AMET 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®Tag=&sour...
WEX today announced it has renewed its contract with Schneider.
WEX today announced it has signed a multi-year contract extension with Enterprise Fleet Management.
WEX Inc. (NYSE: WEX), a leading financial technology service provider, today reported financial results for the three months ended June 30, 2020.
Transamerica today announces the expansion of the company's workplace benefit solutions with the addition and integration of a suite of tax-advantaged employee savings and spending accounts. Employers can now select Transamerica as their provider for Health Savings Accounts (HSAs), Health Reimbursement Accounts (HRAs), Health Flexible Savings Accounts (FSAs), Limited Purpose FSA, Dependent Care FSAs, and Qualified Transportation Accounts (also known as QTAs or "Commuter Accounts").
WEX Inc. Announces Time Change for its Conference Call to Discuss Second Quarter 2020 Financial Results
WEX Inc. (NYSE: WEX), a leading financial technology service provider, today announced that it has changed the time of its second quarter 2020 earnings conference call. To minimize scheduling conflicts amongst our analyst community, the conference call will now be held at 10:00 A.M. EDT on Thursday, July 30, 2020. The conference call was previously scheduled for 9:00 A.M. EDT.