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
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WEX
News
- WEX Unveils New Digital Solution to Enhance and Expand Medicare Advantage PlatformBusiness Wire
- WEX and Holman Expand Partnership Across U.S. and CanadaBusiness Wire
- WEX Stock Price Decreases 5% Post Q3 Earnings & Revenues Miss [Yahoo! Finance]Yahoo! Finance
- WEX Inc. (NYSE: WEX) was downgraded by analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating.MarketBeat
- WEX Inc. (NYSE: WEX) had its price target lowered by analysts at Robert W. Baird from $285.00 to $230.00. They now have an "outperform" rating on the stock.MarketBeat
WEX
Earnings
- 10/24/24 - Beat
WEX
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form SC
- 10/24/24 - Form 10-Q
- WEX's page on the SEC website