WEX Stock Price Decreases 2% Despite Posting Q2 Earnings Beat

WEX Inc. (WEX) reported mixed second-quarter 2024 results, wherein earnings beat the Zacks Consensus Estimates, while revenues missed the same. The stock declined 1.7% since the release of results on Jul 25 on weak 2024 earnings and revenue guidance. WEX expects adjusted diluted earnings per share of $15.98-$16.38 compared with the $16.10-$16.60 provided in the preceding quarter. The mid-point ($16.18) of the same is higher than the consensus estimate for earnings of $16.16 per share. The company expects re ...