Investing.com - Wex reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Wex announced earnings per share of $3.51 on revenue of $616.00. Analysts polled by Investing.com anticipated EPS of $3.42 on revenue of $583.74M.
Wex shares are down 4% from the beginning of the year , still down 23.49% from its 52 week high of $193.54 set on Wednesday, October 27, 2021.
Wex follows other major Information Technology sector earnings this month
Wex's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.
Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, compared to forecast for EPS of $1.87 on revenue of $7.57B.
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