Wix Stock Soars as Q1 Earnings Crush Expectations: 5 Key Takeaways
Wix(WIX) investorplace.com·2024-05-20 22:26
Israeli website creator Wix (NASDAQ:WIX) beat earnings estimates, sending WIX stock up 20%.Wix earned $24 million, 41 cents per share fully diluted, on revenue of almost $420 million during the quarter.WIX stock opened today at $150 per share, a market cap of over $8 billion. That means shares are now up 27% for 2024.Why WIX Stock PoppedWIX stock popped after the company raised its estimates for the rest of the year. It now expects revenue growth of 11-13% for 2024 and total revenues of $1.75 billion.The i ...