Shares of WEX WEX were unchanged after the company reported Q2 results.
Quarterly Results
Earnings per share increased 90.91% over the past year to $2.31, which beat the estimate of $1.95.
Revenue of $459,483,000 rose by 32.38% year over year, which beat the estimate of $436,070,000.
Guidance
WEX sees FY21 EPS of $8.30-$8.70 and sales of $1.805 billion-$1.835 billion.
Details Of The Call
Date: Jul 29, 2021
Time: 10:00 AM
Price Action
52-week high: $234.64
52-week low: $122.64
Price action over last quarter: down 1.15%
Company Description
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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