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Wix.com: Q1 Earnings Insights

Benzinga Insights

Shares of Wix.com (NASDAQ:WIX) rose 9.2% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 133.33% over the past year to ($0.01), which beat the estimate of ($0.03).

Revenue of $215,987,000 rose by 23.92% year over year, which missed the estimate of $216,200,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Q2 revenue expected to be between $231,000,000 and $233,000,000.

How To Listen To The Conference Call

Date: May 14, 2020

View more earnings on WIX

Time: 11:50 PM ET

Webcast URL: https://edge.media-server.com/mmc/p/74cwn2t4

Recent Stock Performance

Company's 52-week high was at $171.19

Company's 52-week low was at $76.81

Price action over last quarter: Up 32.18%

Company Profile

Wix.com Ltd is a cloud-based development platform provider for millions of registered users worldwide. The company is engaged in web development and management that provides an easy-to-use powerful cloud-based platform of products through a freemium model. Its core products consist of three web editors: the Wix Editor, intended for users with basic technological skills, Wix ADI, intended for novice users and Corvid, intended for more tech-savvy users. The company's web development technology is built based on HTML5 and offers HTML5 compatible capabilities, web design and layout tools, domain hosting, and other marketing and workflow management applications and services. The geographic segments include North America, Europe, Latin America, and Asia and others.

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