WEX Lifts Q4, FY21 Outlook; CFO Roberto Simon Steps Down

Roberto Simon stepped down as the CFO of WEX Inc WEX effective December 31, 2021, to pursue another opportunity.
The company has appointed its Chief Accounting Officer Jennifer Kimball also as interim CFO, effective January 1, 2022.
Simon will serve in an advisory role through April 1, 2022.
WEX has initiated a search for Simon's successor with the assistance of Heidrick & Struggles.
Outlook: WEX raised Q4 2021 revenue outlook to $485 million - $495 million from $468 million - $483 million, above the consensus of $476.16 million.
WEX lifted Q4 adjusted EPS outlook to $2.45 - $2.55 from $2.25 - $2.45, above the consensus of $2.37.
WEX increased FY21 revenue guidance to $1.838 billion - $1.848 billion from $1.821 billion - $1.836 billion, versus the Street view of $1.83 billion.
WEX hiked adjusted EPS guidance to $9.01 - $9.11 from $8.81 - $9.01, topping the analysts' view of $8.94.
Price Action: WEX shares traded higher by 4.39% at $149.90 on the last check Tuesday.

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