PORTLAND, Maine (AP) — PORTLAND, Maine (AP) — Wex Inc. (WEX) on Wednesday reported first-quarter profit of $77.7 million.
On a per-share basis, the Portland, Maine-based company said it had profit of $2.22. Earnings, adjusted for one-time gains and costs, were $4.15 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4 per share.
The provider of fuel payment processing for fleet vehicles posted revenue of $673.8 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $667.7 million.
Wex expects full-year earnings in the range of $18.95 to $19.55 per share, with revenue in the range of $2.82 billion to $2.88 billion.
_____
This story was generated by (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a at https://www.zacks.com/ap/WEX
Copyright © 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
