Israel's Wix.com third-quarter profit up, trims 2019 revenue outlook [Reuters]
Wix.com Ltd. - Ordinary Shares (WIX)
Last wix.com ltd. - ordinary shares earnings: 2/20 01:00 am
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Source: Reuters
Israel's Wix.com third-quarter profit up, trims 2019 revenue outlook - Reuters 1 Min Read TEL AVIV (Reuters) - Wix.com ( WIX.O ), which helps small businesses build and operate websites, reported higher profit and revenue in the third quarter but slightly lowered the upper range of its full year revenue forecast. It reported on Thursday quarterly net profit of 41 cents a share excluding one-time items, compared with 39 cents a year earlier. Revenue grew 26% to $196.8 million. Israel-based Wix offers free basic features for setting up websites but users must pay for extra services such as shopping carts, individual web addresses and site traffic analysis. Wix now sees revenue of $761-$763 million compared with a previous forecast of $761-$765 million. This is up 26% from 2018 and includes foreign currency changes since the company’s last outlook in July. For the fourth quarter it estimates revenue of $204-$206 million, up 24-25% from a year earlier. Reporting by Tova Cohen; Editing b
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News
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- Wix Studio Expands Growth Opportunity for Partners to Sell Website Templates and Monetize their CreationsPR Newswire
- Wix.com Ltd. (NASDAQ: WIX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
WIX
Earnings
- 2/21/24 - Beat
WIX
Sec Filings
- 3/22/24 - Form 20-F
- 3/18/24 - Form 6-K
- 2/27/24 - Form 144
- WIX's page on the SEC website