WEX Inc. Drops on Weak Guidance

Before the opening bell, WEX Inc. ($WXS) reported fourth-quarter earnings of $1.07 per share. That was a penny below consensus. Quarterly revenue rose 20.9% to $169 million.

But the stock is getting smacked around this morning due to the company’s weak guidance. For Q1, WXS expects earnings to range between 89 cents and 96 cents per share. The Street had been expecting $1.08 per share. For all of 2013, WXS sees earnings between $4.30 and $4.50 per share. The Street was expecting $4.88 per share. For all of 2012, WXS made $4.06 per share which was a nice increase from $3.64 per share on 2011.

Posted by on February 6th, 2013 at 10:06 am

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