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WEX Q1 Adjusted Earnings, Revenue Rise

-- WEX (WEX) reported Q1 adjusted earnings late Wednesday of $4.15 per diluted share, up from $3.51 a year earlier.

Analysts polled by FactSet expected $4.08.

Revenue in the three months ended March 31 rose to $673.8 million from $636.6 million a year earlier.

Analysts surveyed by FactSet expected $671.8 million.

WEX expects Q2 adjusted EPS of $4.93 to $5.13 on revenue of $727 million to $747 million. Analysts project EPS of $4.65 on revenue of $713.7 million.

The company expects full-year adjusted EPS of $18.95 to $19.55 on revenue of $2.82 billion to $2.88 billion. Analysts project EPS of $18.52 on revenue of $2.82 billion.

WEX shares fell 2.7% in after-hours trading.

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