Wright Express’ 1Q Income Declines

Wright Express Corp. said Wednesday its first-quarter earnings fell to $11 million, or 28 cents a share, from $14.5 million, or 36 cents, a year ago.

Revenue fell 26% to $69.2 million, the company said in a statement. Wright Express provides payment processing and information management services to fleets.

The average retail fuel price fell 39% to $2 per gallon in the quarter, from $3.26 a year ago, the company said.