This site uses cookies to ensure the best viewing experience for our readers. Read more about it Got it

Brief

Wix Beats Outlook on 2018 Third Quarter Revenues

The website building company reported revenues that were up 40% year-over-year and upgraded its outlook for the full fiscal year

CTech 12:4714.11.18
Website building Wix.com Ltd. published its third-quarter reports for the fiscal year 2018 on Tuesday, registering quarterly revenues of $155.6 million, up 40% year-over-year. Prior outlook for the third quarter stood at $152 million to $153 million. GAAP net loss was $5.9 million, making for loss per share of $0.12, or adjusted earnings per share of $0.39.

 

Wix projects revenues of $161 million to $162 million for the fourth quarter of the year. The company also updated its full-year outlook from $597 million to $599 million to the range of $601 million to $602 million.

 

Wix closed 3% up on Nasdaq Tuesday, and is currently down in pre-market trading.

 

Wix. Photo: PR Wix. Photo: PR

 

Cancel Send
    To all comments