WEX shares are trading lower after the company reported worse-than-expected Q1 financial results and issued Q2 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
WEX shares declined following the announcement of disappointing Q1 financial results and the provision of Q2 adjusted EPS guidance that fell short of expectations.
April 25, 2024 | 4:01 pm
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NEGATIVE IMPACT
WEX shares experienced a downturn as the company disclosed poor Q1 financial outcomes and provided Q2 adjusted EPS forecasts below analyst expectations.
WEX's share price decline is directly attributed to the company's announcement of weaker-than-expected Q1 financial results and lower Q2 adjusted EPS guidance, which likely dampened investor confidence and expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100