Brief: WEX Inc Reports First Quarter 2023 Financial Results

WEX

27/04/2023 12:34

April 27 (Reuters) - WEX Inc  WEX.N :
    * WEX INC. REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS
    * WEX INC - RAISES FULL-YEAR 2023 FINANCIAL GUIDANCE
    * WEX INC - 1Q REVENUE INCREASED 18% YEAR-OVER-YEAR TO A Q1
RECORD
$612 MILLION
    * WEX INC - 1Q GAAP NET INCOME WAS $1.56 PER DILUTED SHARE
    * WEX INC - 1Q ADJUSTED NET INCOME ATTRIBUTABLE TO
SHAREHOLDERS
INCREASED 15% YEAR-OVER-YEAR TO $3.31 PER DILUTED SHARE
    * WEX INC - FOR Q2 OF 2023, COMPANY EXPECTS REVENUE IN RANGE
OF
$613 MILLION TO $623 MILLION
    * WEX INC - SEES Q2 ADJUSTED NET INCOME ATTRIBUTABLE TO
SHAREHOLDERS IN RANGE OF $3.45 TO $3.55 PER DILUTED SHARE
    * WEX INC - FOR FULL YEAR 2023, COMPANY NOW EXPECTS REVENUE
IN
RANGE OF $2.45 BILLION TO $2.49 BILLION
    * WEX INC - SEES FY 2023 ADJUSTED NET INCOME ATTRIBUTABLE TO
SHAREHOLDERS IS NOW EXPECTED TO BE IN RANGE OF $13.85 TO $14.25
PER DILUTED SHARE

Source text for Eikon:  ID:nBw76FXX6a 
Further company coverage:  WEX.N 

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