Israel's Wix.com lifts 2019 revenue outlook as second quarter profit rises [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 lifts 2019 revenue outlook as second quarter profit rises TEL AVIV (Reuters) - Wix.com, which helps small businesses build and operate websites, reported higher than expected profit in the second quarter and raised its revenue forecast for 2019 amid solid sales growth from a host of new products. It reported on Wednesday quarterly net profit of 34 cents a share excluding one-time items, compared with 29 cents a year earlier. Revenue grew 27% to $185.4 million. Wix was forecast to earn 18 cents a share excluding one-offs on revenue of $184 million, according to I/B/E/S data from Refinitiv. The Israel-based firm 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. It has launched a number of new products to allow companies to manage their businesses, including development tool Corvid, all-in-one business platform Ascend and Wix Payments, which allows firms to
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WIX
News
- Wix.com Ltd. (NASDAQ: WIX) had its price target raised by analysts at B. Riley from $190.00 to $220.00. They now have a "buy" rating on the stock.MarketBeat
- Wix.com Ltd. (NASDAQ: WIX) had its price target raised by analysts at Benchmark Co. from $225.00 to $250.00. They now have a "buy" rating on the stock.MarketBeat
- Wix.com Ltd. (NASDAQ: WIX) had its price target raised by analysts at Royal Bank of Canada from $190.00 to $245.00. They now have an "outperform" rating on the stock.MarketBeat
- Wix.com Ltd. (NASDAQ: WIX) had its price target raised by analysts at Cantor Fitzgerald from $200.00 to $240.00. They now have an "overweight" rating on the stock.MarketBeat
- Wix.com Ltd. (NASDAQ: WIX) had its price target raised by analysts at Piper Sandler from $200.00 to $249.00. They now have an "overweight" rating on the stock.MarketBeat
WIX
Earnings
- 11/20/24 - Miss
WIX
Sec Filings
- 11/21/24 - Form 144
- 11/21/24 - Form 144
- 11/21/24 - Form 144
- WIX's page on the SEC website