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Stock impact report

WEX Inc. Reports Fourth Quarter and Full Year 2019 Financial Results

WEX Inc. common stock (WEX) 
NASDAQ:AMEX Investor Relations: wexinc.com/payment-solutions/virtual-payments
Company Research Source: Business Wire
PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), a leading financial technology service provider, today reported financial results for the three months and year ended December 31, 2019.Fourth Quarter and Full Year 2019 Financial ResultsTotal revenue for the fourth quarter of 2019 increased 15% to $440.0 million from $381.2 million for the fourth quarter of 2018. The $58.8 million increase in the quarter includes an $8.7 million negative impact from lower average fuel prices and foreign exchange rates. In addition, the 4th quarter includes a $20.9 million reduction to properly reflect fleet segment revenue and expenses.Net income attributable to shareholders on a GAAP basis for the fourth quarter increased by $33.2 million to $54.4 million, or $1.24 per diluted share, compared with $21.3 million, or $0.49 per diluted share for the same period a year ago. The Company's adjusted net income attributable to shareholders, which is a non-GAAP measure, was $114.7 million for the fo Show less Read more
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