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Wright Express (WEX) Q1 2021 Earnings Call Transcript

Wright Express (WEX) Q1 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble. Wright Express (NYSE: WEX) Good day, and thank you for standing by. Welcome to the WEX Q1 2021 earnings conference Call. [Operator instructions] Please be advised that today s conference is being recorded. [Operator instructions] I would now like to turn the conference over to your speaker today, Steve Elder, vice president of investor relations. Please go ahead. Vice President of Investor Relations Thank you, operator, and good morning, everyone. With me today is Melissa Smith, our CEO; and our CFO, Roberto Simon. The press release we issued earlier this morning and a slide deck to walk through our prepared remarks have been posted to the Investor Relations section of our website at wexinc.com. A copy of the release and the slide deck have also been included in 8-Ks we submitted to the SEC.

Wex reports drop in first quarter revenue and earnings per share

Wex reports drop in first quarter revenue and earnings per share Fleet solutions revenue declined 2.4% to $243.8 million for the quarter 2 minutes read Portland, Maine-based Wex is a multichannel provider of corporate payment solutions, including fuel payment processing for commercial fleet vehicles. (Photo: Wex) WEX Inc. (NYSE: WEX) reported a 5% year-over-year decline in revenue to $410.8 million during the company’s first-quarter earnings call Thursday. The company also posted earnings of $1.79 per share, a 1.1% decline compared to earnings of $1.81 per share a year ago.  The earnings per share and revenue results modestly beat Wall Street expectations, which had predicted earnings of $1.60 per share and revenue of $410.6 million.

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