Website creator Wix.com Q4 profit beats estimates
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JERUSALEM, Feb 21 (Reuters) - Wix.com, which helps small businesses build and operate websites, reported a higher-than-expected rise in quarterly net profit, boosted by its new Studio product for designing advanced websites.
The Israeli company posted earnings of $1.22 per diluted share, excluding one-time items, compared with 61 cents per share a year earlier. Revenue for the October-December quarter grew 14% to $404 million.
Analysts expected Wix to earn 95 cents per share excluding one-time items on revenue of $402 million, LSEG data showed. (Reporting by Steven Scheer)
