WEX - WEX beats Q4 top and bottom line estimates; initiates Q1 and FY23 outlook

• WEX press release ( NYSE: WEX ): Q4 Non-GAAP EPS of $3.44 beats by $0.22 .
• Revenue of $618.6M (+24.3% Y/Y) beats by $41.59M .
• Financial Guidance: For the first quarter of 2023, the Company expects revenue in the range of $600 million to $610 million vs $569.52M consensus and adjusted net income in the range of $140 million to $145 million, or $3.15 to $3.25 per diluted share vs $3.20 consensus.
• For the full year 2023, the Company expects revenue in the range of $2.43 billion to $2.47 billion vs $2.42B consensus and adjusted net income in the range of $604 million to $627 million, or $13.55 to $14.05 per diluted share vs $13.83 consensus.

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