Wex, Inc. (WEX) Misses Q4 EPS by 1c, Revenues Beat
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WEX Inc. Reports Fourth Quarter and Full Year 2020 Financial Results
February 24, 2021 6:30 AM ESTPORTLAND, 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, 2020.
Fourth Quarter and Full Year 2020 Financial Results
Total revenue for the fourth quarter of 2020 decreased 9% to $399.0 million from $440.0 million for the fourth quarter of 2019. The $41.1 million decrease in the quarter includes a $16.8 million negative impact from lower average fuel prices and foreign exchange rates.
Net income attributable to shareholders on a GAAP basis for the fourth quarter decreased by $288.6 million to a net loss... More
