Brief: With Disruptions to Customers and Earnings, WEX Scales Back Growth Plan

Renee Cordes

Source

Mainebiz

Date

5-18-2020

Pages

6

Abstract

Brief piece looks at how WEX Inc. has been impacted by the novel coronavirus. The company posted lower than expected first-quarter earnings and pulled out of two acquisitions deals. CEO Melissa Smith said the company continues to invest in the business, just at a slower pace.

Subjects

COVID-19 pandemic, 2020 -- Economic aspects, WEX Inc.

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