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WEX (NYSE:WEX), a leading financial technology service provider, today announced it will present at the following investor conferences in the month of May:
On Thursday, May 20, Chief Financial Officer, Roberto Simon, will present at the Barclays 2021 Emerging Payments and Fintech Forum at approximately 8:00 AM EDT (5:00 AM PDT).
A webcast of the presentation will be available live on the Investor Relations section of the Company’s website, www.wexinc.com, or through the following address: https://kvgo.com/barclays/wex-inc-may-2021.
On Tuesday, May 25, Chair and Chief Executive Officer, Melissa Smith, will present at the 49
th Annual J.P. Morgan Global Technology, Media and Communications Conference at approximately 4:25 PM EDT (1:25 PM PDT).
WEX Inc Reports First Quarter 2021 Financial Results streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
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.
Portland-based financial technology service provider WEX Inc. (NYSE: WEX) on Thursday posted decreases in first-quarter revenue and earnings amid declines in fuel transactions processed and its Travel and Corporate Solutions purchase volume.
First-quarter revenue decreased 5% to $410.8 million from $431.7 million a year earlier. The decrease includes a $1 million unfavorable impact from fuel prices and spreads and a $3.9 million positive impact from foreign exchange rates, the company said.
Diluted earnings per share were $1.79 in the first quarter, down 1% from $1.81 per share a year ago but above the $1.60 per share consensus forecast of analysts polled by Zacks Investment Research.
The revenue figure was also 0.03% above the consensus of analysts polled by Zacks, which noted that WEX has topped consensus revenue estimates twice over the last four quarters.