Noi Mahoney
Thursday, April 29, 2021
Wex reports drop in first quarter revenue and earnings per share
Provider of fuel payment processing for fleets reported 5% revenue decline in first quarter
Provider of fuel payment processing for fleets reported 5% revenue decline in first quarter
FleetCor’s third-quarter revenue topped most Wall Street expectations for revenue at $580.8 million, while its earnings per share missed expectations by 46 cents.
WEX Inc., a provider of fuel cards and account management services, reported sales fell 21% year over year to $347.1 million.
FTC suit claims FleetCor Technologies engaged in alleged predatory fee practices.