Business

Wix.Com Ltd Surpasses Earnings Expectations

In the world of stocks, Wix.Com Ltd (NASDAQ: WIX) has made quite the impression with its recent earnings report. The company reported a first-quarter EPS of $1.29, surpassing the analyst estimate of $1.03 by $0.26. Revenue for the quarter also exceeded expectations, coming in at $419.78M compared to the consensus estimate of $417.9M.

Following this positive news, Wix.Com Ltd’s stock price closed at $135.68. Over the past 3 months, the stock has seen a 2.19% increase, and over the last 12 months, it has surged by an impressive 73.75%. The company has had 5 positive EPS revisions and 5 negative EPS revisions in the last 90 days.

InvestingPro has rated Wix.Com Ltd’s Financial Health as showing ‘good performance’. For more detailed information on the company’s recent earnings and financials, interested individuals can visit Investing.com.

For those keeping an eye on upcoming earnings reports, it is recommended to stay informed by regularly checking Investing.com’s earnings calendar for updates and announcements.

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