WEX shares are trading lower after the company reported worse-than-expected Q3 financial results and cut its FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
WEX shares declined following the release of disappointing Q3 financial results and a reduction in FY24 guidance.
October 24, 2024 | 12:14 pm
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NEGATIVE IMPACT
WEX shares are trading lower due to worse-than-expected Q3 financial results and a reduction in FY24 guidance.
The company's Q3 financial results did not meet expectations, leading to a negative market reaction. Additionally, the cut in FY24 guidance suggests potential challenges ahead, further impacting investor sentiment negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100