WEX Stock Price Decreases 5% Post Q3 Earnings & Revenues Miss

WEX Inc. (WEX) reported dismal third-quarter 2024 results, wherein earnings and revenues missed the Zacks Consensus Estimates.See Zacks Earnings Calendar to stay ahead of market-making news.The stock declined 4.7% since the release of results on Oct. 24 due to earnings and revenues miss, and a weak guidance.For the fourth quarter of 2024, the company lowered its revenue guidance to $630-$640 million from the $688-$698 million provided in the preceding quarter. The mid-point ($635 million) of WEX’s revised g ...