Wix.com Ltd (NASDAQ:WIX) reported mixed results for its fiscal first quarter on Wednesday.
The quarterly revenue grew 13% year-over-year to $473.7 million, topping the analyst consensus estimate of $472.9 million. Adjusted EPS of $1.55 missed the analyst consensus estimate of $1.60.
Wix.com reiterated fiscal 2025 revenue outlook of $1.97 billion to $2 billionversus the analyst consensus estimate of $2.02 billion and bookings of $2.03 billion to $2.06 billion. This company said this outlook reflects conservatism due to macro uncertainty, specifically the Business Solutions segment, with potential volatility offset by fully dissipating foreign exchange headwinds.
Lior Shemesh, CFO at Wix, said, “Our strong first quarter results demonstrate the critical value of the Wix …
Full story available on Benzinga.com
Wix.com Ltd (NASDAQ:WIX) reported mixed results for its fiscal first quarter on Wednesday.
The quarterly revenue grew 13% year-over-year to $473.7 million, topping the analyst consensus estimate of $472.9 million. Adjusted EPS of $1.55 missed the analyst consensus estimate of $1.60.
Wix.com reiterated fiscal 2025 revenue outlook of $1.97 billion to $2 billionversus the analyst consensus estimate of $2.02 billion and bookings of $2.03 billion to $2.06 billion. This company said this outlook reflects conservatism due to macro uncertainty, specifically the Business Solutions segment, with potential volatility offset by fully dissipating foreign exchange headwinds.
Lior Shemesh, CFO at Wix, said, “Our strong first quarter results demonstrate the critical value of the Wix …
Full story available on Benzinga.com
Wix.com Ltd (NASDAQ:WIX) reported mixed results for its fiscal first quarter on Wednesday.
The quarterly revenue grew 13% year-over-year to $473.7 million, topping the analyst consensus estimate of $472.9 million. Adjusted EPS of $1.55 missed the analyst consensus estimate of $1.60.
Wix.com reiterated fiscal 2025 revenue outlook of $1.97 billion to $2 billionversus the analyst consensus estimate of $2.02 billion and bookings of $2.03 billion to $2.06 billion. This company said this outlook reflects conservatism due to macro uncertainty, specifically the Business Solutions segment, with potential volatility offset by fully dissipating foreign exchange headwinds.
Lior Shemesh, CFO at Wix, said, “Our strong first quarter results demonstrate the critical value of the Wix …Full story available on Benzinga.com Read MoreEarnings, News, PT Changes, WIX, Price Target, Markets, Analyst Ratings, Trading Ideas, WIX, News, Earnings, Price Target, Markets, Analyst Ratings, Trading Ideas, Benzinga Markets
